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eztrang

4,181 Posts.

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16/09/24

19:35

Post #: 75699029
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Originally posted by Tangles2020: ↑

It's amazing to me how many so called "investors" in mining companies do not understand why the industry is "cyclical" in nature.

A high price for the commodity will bring on more supply, and more supply means the commodity price will have to go down, as the price goes down companies go bankrupt or suspend their operations and bring the supply offline. So as supply comes offline the price will have to rise again. Rinse and repeat. This has been the case for the industry since the start. It's not a difficult concept to understand either, you just have to look at the data and have a bit of faith.

For the newbies here: don't let the trolls tell you otherwise, they either know exactly what they're doing and are trying to get better prices to be bullish on, or they have no idea and will remain on the sidelines flinging mud for the rest of their lives, never finding success. Learn the industry you're investing in and you'll be fine. As for me, I plan to add more to my LTR holdings today, irrespective of the price I get.

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High commodity price => New high supply => Low prices => Reduced low supply => High prices

The best time to invest is when prices are starting to rise, probably 2029.

LTR Price at posting: 67.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 82.5¢		Change -0.005(0.60%)		Mkt cap ! $2.000B

Open	High	Low	Value	Volume
82.0¢	83.5¢	81.5¢	$4.821M	5.841M

Buyers (Bids)

No.	Vol.	Price($)
27	241432	82.5¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	108986	33

View Market Depth

No.	Vol.	Price($)
2	4134	0.830
25	376184	0.825
27	696407	0.820
10	345880	0.815
28	532773	0.810

Price($)	Vol.	No.
0.835	325551	37
0.840	384024	15
0.845	107582	11
0.850	40396	11
0.855	115672	7

Last trade - 13.20pm 18/10/2024 (20 minute delay)

LTR (ASX) Chart

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