LTR 2.50% 78.0¢ liontown resources limited

Agree on the shocking sentiment (as you say). Albemarle has...

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    Agree on the shocking sentiment (as you say). Albemarle has recently said that current prices aren’t high enough to justify new investment which I mostly agree with (with the exception of hard rock in low cost jurisdictions with simple flow-sheets).

    Definitely nothing under development in Canada or Australia will get financed at these levels (and this includes my current assumption that LTR’s financing won’t be secured).

    The only optimism I have is that l dont believe that chemical prices have much further downside (but I also still believe there needs to be more failures before prices can recover). SYA should be in C&M at a minimum.

 
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