@Bluegoose
..simple reason: LTR is playing catch-up to the rest of its peers (domestically and internationally) ; holders were blindsided with the sp rocketing to $3 due to ALB earlier bid, had it been not for the $3 TO, it could have been only as high as possibly $2 and the drop would not have been as dramatic.
..per my previous post, even at SC6 price of $1200, LTR would have to go down to 38c to give a PE of 18.5x that is aligned with ALB. Valuations -thats what it is all about. Nothing to do with shorts- hefty valuations for the poor outlook provided strong reason for shorts to be emboldened.
Well it's down 33% in a month. This is a lot more than other producers.
So give me a good reason?.
It's not just the lithium price as that would have affected all the other producers the same.
- Forums
- ASX - General
- EV/Lithium
@Bluegoose ..simple reason: LTR is playing catch-up to the rest...
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)