Hang on tight to your shares!!!!!
"Liontown Resources Ltd (ASX: LTR)
Another ASX lithium share that could offer big returns is lithium developer Liontown Resources.
Its shares have been hammered since its takeover collapsed late last year. While this is disappointing, Bell Potter sees it as a buying opportunity for investors with a high risk tolerance.
It believes the company's Kathleen Valley lithium project is a valuable asset. The broker explains:
LTR owns the Kathleen Valley (KV) lithium project in Western Australia. KV is in development and set to commence production in mid-2024, supplying into Ford, Tesla and LG Energy Solution offtake agreements. The company is funded to complete KV and has a strong cash buffer over and above remaining development and working capital requirements. We expect lithium market sentiment to improve into 2024 as EV supply chain inventories normalise. KV is highly strategic in terms of being large scale and located in a stable mining jurisdiction."
https://www.********.au/2024/02/06/...town Resources Ltd,stable mining jurisdiction.
ASX Today, page-37177
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Last
83.0¢ |
Change
-0.010(1.19%) |
Mkt cap ! $2.085B | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 87.0¢ | 83.0¢ | $8.510M | 9.953M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 382671 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 214759 | 30 |
View Market Depth
| Last trade - 12.31pm 22/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |