Wasn't “everyone” calling the bottom last week?
I get this is hard for holders - but the reality of the situation is clear. Imo there will be more SP pain to come when further disclosure of the cost situation is revealed for all to see in the quarterly.
LTR now also not benefitting from falling intereste rates if they had opted for a bank debt loan option rather than equity/notes and the risk of default to a foreign entity.
Using SOFR on LGES notes is more volatile (as USA treasuries are used as collateral) and is market driven as it reflects daily fluctuations in the repo market. It also has limited hedging ability against interest rate fluctuations. Another misstep by management.
50c after the quarterly.
DYOR IMO
Wasn't “everyone” calling the bottom last week?I get this is...
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Last
82.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $2.000B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.5¢ | 81.3¢ | $9.042M | 10.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 131414 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 31205 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |