If the lithium short thesis is correct, current and increasing oversupply, low prices etc. I would think we see the short position increase on LTR once they announce production. They are also purely exposed to lithium, have high debt, and we are yet to understand UG mining cost and the inevitable processing ramp up/issues which there are always some, I believe they have a lack of water for example. If they don't increase however, I am not sure what that means. I am looking forward to watching the LTR story unfold and genuinely wish them good luck.
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Last
$3.18 |
Change
0.075(2.42%) |
Mkt cap ! $9.335B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.18 | $3.11 | $5.116M | 1.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 37952 | $3.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 241569 | 15 |
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| Last trade - 10.22am 08/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |