LTR 18.9% 88.0¢ liontown resources limited

The only time i've seen stocks like this go down for seemingly...

  1. 3,133 Posts.
    lightbulb Created with Sketch. 1499
    The only time i've seen stocks like this go down for seemingly no reason compared to their peers is an upcoming cap raising.

    I looked at the balance sheet myself. $100M cash is not much for such a large business and I'm not sure what they intend to use the LG $250M convertible bonds for?. If they don't plan to use it for sustaining capital then I think a cap raise is quite likely.

    I thought 80 cents was a bargain recently - boy how wrong I was unfortunately.

    This is a gold opportunity for Gina to own a good asset for low to mid $1's if she has belief in the long-term outlook??.
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.