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61.0¢ liontown resources limited

Interest rate cuts. Simples

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Artorius

801 Posts.

144

10/07/24

18:24

Post #: 74696041
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Originally posted by sentinel1221: ↑

I see @anatol you keep plugging the EV demand narrative but all I see is a lot of supply coming into the market.
All from opaque sources that are difficult to understand, but it's all Chinese Lepidolite, Brazil, Argentinian and African sources, all at very cheap rates.
As you can all see plainly the price of lithium is being affected by this supply glut.

This leaves a few unanswered questions:

How long will this go on for? What is the capacity of all this extra supply - how many years worth of supply is there?
Our lithium is contracted by offtakes - we will soon see how profitable we will be, given the high opex and debts and low lithium prices. This is the big risk and why shorters are out in force in the lithium space.
If we don't hit our targets, SP will tank.
Could be a long wait for recovery in the lithium world.

I'm happy to ride it out but could be a long slog.

What catalysts are on the horizon that will change the whole lithium market and cycle to a bull case again? I can't see many and that is a worry and risk.

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Interest rate cuts. Simples

LTR Price at posting: 93.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 61.0¢		Change -0.010(1.61%)		Mkt cap ! $1.479B

Open	High	Low	Value	Volume
61.5¢	62.5¢	59.5¢	$5.924M	9.789M

Buyers (Bids)

No.	Vol.	Price($)
1	841	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	237774	5

View Market Depth

No.	Vol.	Price($)
1	841	0.600
7	245065	0.595
9	259142	0.590
4	264802	0.585
14	261725	0.580

Price($)	Vol.	No.
0.610	237774	5
0.615	156093	3
0.620	185159	3
0.625	280889	5
0.630	297570	7

Last trade - 16.10pm 10/09/2024 (20 minute delay)

LTR (ASX) Chart