Whats gone wrong? The company itself is doing extremely well in weathering these very changeable global times.
The SP is disappointing because the shorters are in control. My LTR portfolio is nearly half my original investment, but similar to what GXY was for me 3 years ago, before it shot through the stratosphere in a very very short time. It's not easy to see your money reduced, but comes down to choice - and is always a gamble. The markets are not a place for the faint-hearted, I can tell you.
The company is very well managed, very well financed (compared to many others in lithium) and is not beholden to the Chinese, at this stage.
The share price does not reflect anything wrong with LTR itself, only with the way the share market, a forum where psychology plays out in $ form and reflects the knowledge or lack thereof of people using it. Currently, the world is nuts, and the share market full of shorters and traders of a similar fear-based thinking. This too shall pass.
GLTAH
Ann: Trading Halt, page-89
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Last
81.0¢ |
Change
-0.015(1.82%) |
Mkt cap ! $1.964B | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 82.0¢ | 77.5¢ | $15.36M | 19.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37388 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 95789 | 12 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |