ASX Today, page-36310

@trent3727
It’s definitely not going anywhere near that level. LTR is too close to production and there is also still a huge chance there will be another bid likely in the works very soon. They are a tier 1 lithium miner in the best mining jurisdiction in the world, with 3 major off take contracts signed up ready for product, going into production very soon, regardless of what current media hype is saying about the pricing issues for lithium right now. Think of it this way. If it was still around the 50 to $60,000 per tonne price would you still be saying what you are saying right now? That below $1 for LTR is a sure thing?

If not, then you are saying the reason for your sub $1 assessment is because of the low price of lithium, so now ask yourself, how long do I think these low prices can hold out for? What are the factors affecting these ridiculous low prices for even the best quality product? It cannot be maintained at these extremely low costs, not with companies scaling back. Pretty soon every battery maker is going to get pretty pissed with the sh.t quality coming out of China. They will all be seeking better quality product. There will also be a supply constraint because of the companies scaling back their production.

Now, If your answer is yes, that even with 50 to $60,000 per tonne price you would still be pricing LTR sub $1, then you are claiming LTR is an extremely poor quality company with poor fundamentals etc., and that does not make any sense to anybody who is able to gauge a quality company. Your assessment of the quality of LTR would be way off the mark. ALB rated them that highly they were willing to offer $3. The only thing preventing that sale was Gina and us holders.

Sorry, but your 30c to 50c bid is based on poor assessment and IMO way way off the mark. The only thing left to keep pushing down the SP is a concerted shorting effort, and that cannot be sustained either. Shorters have had it good admittedly but they are not going to get it that good for much longer. The burn will come.