LTR 2.08% 98.0¢ liontown resources limited

ASX Today, page-12724

  1. 2,945 Posts.
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    Have the non-holding plebs all disappeared? Burnt through the $1.50 phone credit they had left after recharging on dole day yesterday, posting on Hotcopper. We probably won't hear from them again until a week on Thursday.

    Storm in a tea cup. I look at LTR's share price over a month because its a 5 year+ 100 bag investment for some, a future lithium powerhouse. I'd rather have European & US offtakes than Chinese who have a history of unconscionable conduct in most of the contracts they sign up to. I wouldn't underestimate the quality of customer this project will attract, and also I suspect offtakes could drop anytime.

    Traders seem trying hard to stop it hitting $1.60. Our recovery $1.55 down to $1.25 and back up to $1.55 took a couple of weeks, start of October. Arm flappers panicked, bed wetters woke up soggy, non-holders buzzed around like flies and flogged away. Shops sold out of digestives at unprecedented rates.

    We'll be nudging $2 soon enough, just don't get caught short when offtakes with the big boys start coming in.
    Last edited by RobThomas: 12/11/21
 
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