After rubbishing the sector, GS has changed its rating on SQM to...

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vmp

13,415 Posts.

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14/08/24

18:49

Post #: 75208662
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Originally posted by DaisyA ↑

yes @Kikker1959 this is correct but what also needs to be said is that the current market capital and SP does not reflect the true value of LTR and it is clearly being manipulated by algorithmic trading, you can set your watch by it daily. Today is another classic example. While we should ignore this manipulation (because frankly we just have to live with it) we should remember that it is largely driven by the shorts OR by longs who have lent their shares and want the share price down so they can by more cheaply. Given the large percentage of shorts in LTR the shorters must be using shares borrowed from large long holders (we can only speculate who they are) but these lenders hardly want to see the share price go down long term. If they have to exit in a hurry they will lose a fortune as well, so I would surmise that those lending their shares to the short side are very comfortable doing so while they wait for the inevitable re-rate and are making money on their shares while they wait. This is no consolation to those who want a quick buck (unless they are shorters) but to balance out what is going on here we need to understand that those funding the shorting are likely to have a very long term positive view of LTR. When will this all come back into balance? IMO when LTR reveals the price that it is getting from Sinomine and its associated costs of production OR when the price of spod starts to correct upwards and lithium sentiment changes as you said in your post OR if a suitor pops its head up. In the meantime, we wait and just have to put up with the manipulation and some idiotic posters who are desperate from the goodness of their heart to convince us that LTR is a dog of a share, when in fact it is the exact opposite.

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After rubbishing the sector, GS has changed its rating on SQM to BUY last Friday despite booking nearly a billion USD LOSS in the 1st qtr 2024.

GS have likely now finished loading up for an imminent turnaround

Both SQM and ALB have lost 2/3 of their value from their peaks. But they’re still valued north of aud15 billion (Ltr $1.8b, PLS $9 billion)

LTR, the new tier 1 producer, gradually ramping up production and getting ready to rise from the ashes!!!

Last edited by vmp: 14/08/24

LTR Price at posting: 80.0¢ Sentiment: Hold Disclosure: Held
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3 Great analysis

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