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4.35%

77.0¢ liontown resources limited

Lithium Related Media Articles, page-21716

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Tinwins

15,907 Posts.

549

25/03/24

08:58

Post #: 73036916
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Originally posted by 1ronnie ↑

..that's fine, if you want to believe it to be the case.

..the market can only react badly if it does not deliver the production as scheduled.

..the market is always more forward looking than you would imagine.

..but like I said, if you want to pin every woes of the stock down to the shorting activity, then you are not looking at the reason(s) why these instos shorting can validate their actions,

..LTR was trading at $1.52 on the day before ALB's $2.50 first offer (27Mar23), and is now -20% below the price then, a year later the outlook for lithium had changed quite considerably to the downside. In the absence of the ALB's takeover offer, LTR would not have had climbed to $3 on its own, a doubling in price would seem to be a disconnect to PLS's 55% rise from 27Mar23 to its peak price in midAug23.

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"..the market already knows that LTR is near production, and this thread constantly reminds it of it."

I am stunned and amazed! To think 'the market' waits to see what the Hot Cops are sayin? . An amazing strategy for a market that is always more forward looking than you imagine.

C.O.A.B.

LTR Price at posting: $1.21 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 77.0¢		Change -0.035(4.35%)		Mkt cap ! $1.867B

Open	High	Low	Value	Volume
80.5¢	80.5¢	75.5¢	$10.59M	13.72M

Buyers (Bids)

No.	Vol.	Price($)
4	48744	77.0¢

Sellers (Offers)

Price($)	Vol.	No.
77.5¢	154943	5

View Market Depth

No.	Vol.	Price($)
4	48744	0.770
10	350343	0.765
20	280938	0.760
11	197049	0.755
55	332528	0.750

Price($)	Vol.	No.
0.775	134943	4
0.780	40977	3
0.785	60175	5
0.790	94450	4
0.795	70650	2

Last trade - 16.10pm 03/10/2024 (20 minute delay)

LTR (ASX) Chart