Nowhere near the bottom yet. Time will tell. Cheers.

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nugett

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25/08/24

03:18

Post #: 75359820
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Originally posted by CapitalKing ↑

My post is more alluding to the timing of where LTR is situated in the market right now.

We are very close to if not already at the price floor of lithium spodumene and carbonate pricing, and the sentiment has been changing recently with the media pushing lithium stocks as attractive buys now, and recovery is share price for American lithium producers (Aus to follow).

Despite a dip in the carbonate futures (GFEX.LC2411) on Friday last week, Ablemarle closed at +4.14%, Arcadium US closed +4.11%, and SQM closed +3.04 showing a strong confidence returning (a different trend than we have seen in the past). It must be attributable to fresh investors contributing capital and/or shorters are deciding to close their positions. It is a shame the ASX closes way before the US market, but I'm hoping to see a strong gains for LTR come this Monday.

I will be reviewing ASX and ASIC data next week, I had a brief look earlier and believe there was actually a reduction in short positions from around 11% to 10% for LTR, but the data was not a like-for-like comparison so I will be reviewing this again properly when ASIC updates their reporting.

With all this being said, yes I believe the recovery for LTR price is imminent and unique to this current time, not to be conflated with previous posts about management etc.

Just my opinion and not advice.

Cheers,

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Nowhere near the bottom yet.
Time will tell.
Cheers.

LTR Price at posting: 79.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 80.5¢		Change 0.020(2.55%)		Mkt cap ! $1.976B

Open	High	Low	Value	Volume
77.5¢	82.0¢	74.5¢	$12.97M	16.44M

Buyers (Bids)

No.	Vol.	Price($)
6	101850	80.5¢

Sellers (Offers)

Price($)	Vol.	No.
81.0¢	80175	4

View Market Depth

No.	Vol.	Price($)
6	101850	0.805
15	215152	0.800
6	294366	0.795
10	191186	0.790
3	78273	0.785

Price($)	Vol.	No.
0.810	80175	4
0.815	158453	10
0.820	223182	10
0.825	268605	10
0.830	159369	12

Last trade - 16.10pm 02/10/2024 (20 minute delay)

LTR (ASX) Chart

Nowhere near the bottom yet. Time will tell. Cheers.

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Nowhere near the bottom yet. Time will tell. Cheers.

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