Exactly this, as I heard Rick Rule say on a podcast "High prices...

First 24538 Last

Share
Profile

Follow
tukk

125 Posts.

16

17/09/24

12:04

Post #: 75707713
Share

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.

Expand

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.

Expand

Exactly this, as I heard Rick Rule say on a podcast "High prices are always the cure for high prices and low prices are always the cure for low prices"

LTR Price at posting: 65.3¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

There are more pages in this discussion • 23 more messages in this thread...

First 24538 Last

Add LTR (ASX) to my watchlist

(20min delay)
Last 65.0¢		Change -0.020(2.99%)		Mkt cap ! $1.576B

Open	High	Low	Value	Volume
67.0¢	67.5¢	64.5¢	$6.377M	9.737M

Buyers (Bids)

No.	Vol.	Price($)
2	19866	65.0¢

Sellers (Offers)

Price($)	Vol.	No.
65.5¢	36467	1

View Market Depth

No.	Vol.	Price($)
2	19866	0.650
25	696182	0.645
14	910611	0.640
4	239949	0.635
15	336109	0.630

Price($)	Vol.	No.
0.655	36467	1
0.660	465555	11
0.665	298119	7
0.670	411177	7
0.675	402353	6

Last trade - 16.10pm 17/09/2024 (20 minute delay)

LTR (ASX) Chart

Exactly this, as I heard Rick Rule say on a podcast "High prices...

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Winsome scoping study proposes low-cost operation for Adina lithium project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Exactly this, as I heard Rick Rule say on a podcast "High prices...

Top Stories

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Winsome scoping study proposes low-cost operation for Adina lithium project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News