Can you provide a reference to when he said no credit raise was needed please Kikker, including the date?
It seems to me LTR is likely operating on borrowed money right now, and so, possibly, on borrowed time, and the last public comment by Tony that I can see, he was wanting more government support and potentially flagging higher than expected costs in this quarter!
[ref]… “Tony Ottaviano, managing director of Liontown Resources (ASX: LTR), pointed to the dramatic increase in time and labour required for large-scale mining infrastructure.
“Ten years ago, building a one-million-tonne gold plant required 9,000 labour hours for electrical work. Today, it’s over 20,000,” Ottaviano said. “Skill shortages and bureaucratic delays are making projects harder to deliver.”
The ‘market’ does not like indebted businesses operating in unpopular sectors!
As far as anatol goes, it beggars belief that one poster who follows the model of the Queen in Alice of Wonderland with the “Off with his head” mantra is so very popular.
I only watch LTR in spates, but so far I have seen him be-head every single post where there is comment that goes against his claims or otherwise threatens what is clearly his substantial shareholding
… Or shows him to be wrong!
The list includes the AFR, expert TA analysts, every journalist who provides unbiased research, mining bankers, highly reputed experts in the field and professional stock analysts.
Does this anonymous poster on a public forum ever say ‘sorry I was wrong?’
And if not, why not ?
(20min delay)