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97.0¢ liontown resources limited

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mmoore1957

908 Posts.

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06/02/24

08:07

Post #: 72253521
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Originally posted by asb83: ↑

I think it's pretty obvious that LTR will have to delay the start of production. At current spod price, these guys won't be making positive cashflow for at least 12-24 month. And that's a best-case scenario. How long has it taken other producers to get their production costs down to their stated targets? It takes a long time. The company flaunts a fanciful unit cost for production which looks good on a spreadsheet, but will take ages to get anywhere near that figure. It would be reckless to go into production at the moment. If they did, you'd end up with this becoming Altura 2.0.

The company obviously sends out the narrative that production is still on target, but when it comes to actually starting production, it would be business suicide to start in the current environment given where the cash position will be when it comes time to start production and the unknown of how long depressed pricing will persist. You can't start production on the hope that pricing improves. Financiers don't provide money on hope.

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Well said

LTR Price at posting: 89.5¢ Sentiment: Sell Disclosure: Held
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Last 97.0¢		Change 0.080(8.99%)		Mkt cap ! $2.158B

Open	High	Low	Value	Volume
92.0¢	$1.05	91.5¢	$27.40M	28.02M

Buyers (Bids)

No.	Vol.	Price($)
10	73161	96.5¢

Sellers (Offers)

Price($)	Vol.	No.
97.0¢	58894	9

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No.	Vol.	Price($)
12	160191	0.955
15	228447	0.950
16	170437	0.945
14	89923	0.940
8	248300	0.935

Price($)	Vol.	No.
0.960	62223	10
0.965	93528	14
0.970	170407	11
0.975	105349	8
0.980	65316	6

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