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LTR

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0.63%

78.5¢ liontown resources limited

"..the market already knows that LTR is near production, and...

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Tinwins

15,732 Posts.

545

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
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(20min delay)
Last 78.5¢		Change -0.005(0.63%)		Mkt cap ! $1.903B

Open	High	Low	Value	Volume
80.0¢	80.5¢	78.5¢	$6.351M	8.000M

Buyers (Bids)

No.	Vol.	Price($)
31	391524	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
78.5¢	47493	2

View Market Depth

No.	Vol.	Price($)
31	391524	0.780
14	470852	0.775
31	229387	0.770
16	161244	0.765
33	200704	0.760

Price($)	Vol.	No.
0.785	47493	2
0.790	9891	3
0.795	234359	7
0.800	232735	11
0.805	98693	6

Last trade - 16.10pm 26/08/2024 (20 minute delay)

LTR (ASX) Chart