...as one can see on the 5 year chart, every support has been taken out after LTR fell under 89c, the latest was 81c.
...there is no support until 43c! A potential additional decline of -44%!
...even if SC6 were to somehow miraculously recover to US$1200, LTR @77c would be trading at PE multiple of 37.5x which is expensive for a sector that is mired with large uncertainty.
...at US$800 SC6 price, LTR would be facing a prospect of close to A$150mil loss. That makes a MC of $1.8B hugely expensive!
...at 43c price, LTR would be at PE multiple of 20x based on US1200/T SC6 price. That would be reasonable risk reward at MC of about $1B, but still not super cheap. Not if we face a recession shortly.
...if lithium hodlers are stubbornly in defiance, that is your choice but I had cautioned awhile back when LTR was at circa $1.20, it has since fallen by -35%. You preferred not to listen to a 'troll', lol.
...it has gone awfully quiet on the LTR forum, and the BTFD FOMO is fading fast.
