In a very short period time LTR has become far less attractive. Agree, their SH's will be taking a hit similar in size to LLL holders.
Gina R hasn't done SH's any favours in the short term. LTR holders appear to be confident they will see $3 again. With the increased shares on issue, no guarantee there won't be further cost blow outs plus unknown commissioning problems and operating costs, they may be in for a surprise.
I'm not sure if any of them have stopped to consider Gina's investment in Sirius/Woodsmith/Yorkshire polyhalite. Not all of her big investments in big projects have played out as expected.
The LTR funding deficit far exceeds the total cost to develop Goulamina. LLL not looking quite so bad all of a sudden.
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