The LTR news spooked the Li market today.
They lost 750m dollars of funding.
This type of news helped LTR during the last downturn in prices.
However it's certainly not the time to take on massive debt when Spod prices are low.
These announcements are welcome to a suppressed market, the more supply that is withdrawn from the market the greater the rebound in Spod prices!
Thankfully DLI have no funding or debt issues to worry about, just keep drilling and adding to Yinnetharra resource!
Thank god Flanno isn't driving our bus now, we may be in a debt crisis before we had put a spade in the ground!
Our raise last year is now looking a great move by management especially when MIN bank rolled the funding!
The LTR news spooked the Li market today. They lost 750m dollars...
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Last
22.0¢ |
Change
0.020(10.0%) |
Mkt cap ! $156.9M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 22.5¢ | 20.5¢ | $410.8K | 1.942M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 76699 | 2 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| DLI (ASX) Chart |