At current Li prices, it will be extremely hard for LTR to borrow more money.
Currently, they owed $300M to Ford (money used already).
And owed $379M to LG (convertible notes, money used already).
All up, owes $679M. All used up (refer to below)
This is expected to fund construction activities required for first production in the middle of 2024
https://hotcopper.com.au/posts/75505041/single
And as at 30 June 2024, they had $122M cash (June cashflow report)
Current Li prices for 6% is USD $780.
LTR during its initial ramp up stages won't be able to produce 6%. At best (IMHO), 5.2 to 5.5%, which means they will get circa USD $700. It looks like All in Costs are greater than Rev price of Li.
The market knows something.
The shorters are taking advantage of this. They have driven the share price down by 50% in 3 months.
At current Li prices, it will be extremely hard for LTR to...
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
83.5¢ |
Change
0.020(2.45%) |
Mkt cap ! $2.024B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 85.0¢ | 81.5¢ | $9.483M | 11.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31655 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 60687 | 8 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |