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21.3¢ latin resources limited

what was the big drop in Latins price today about… geez I...

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Ruperton

1,657 Posts.

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19/01/24

21:56

Post #: 71972750
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Originally posted by dawgfather: ↑

Some of the sudden falls in the past 2 weeks have been investors suddenly realising their projects are no longer feasible at current prices (GL1) or that a key component of the investment thesis like being able to mine and sell DSO (DLI) is no longer economic.

PLS is going to come under huge attack when it's quarterly comes out (a $10.4bn mkt cap is going to be hard to sustain when you're making such relatively small profits for every tonne sold).

All of these narratives need to run their course before a bottom is found. At the very earliest this could be end of February (but I am starting to think that this timeframe may be wishful thinking and it might be more a cash of April / May before a bottom is found.

P.S. reference to the 'bottom' of the market also depends whether we are talking bottom of carb price/spod price/lithium equiities/negative sentiment etc

@10X Hunter

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what was the big drop in Latins price today about… geez I wonder… over a year worth of infill drilling and name plate in 2029 yay

Last edited by Ruperton: 19/01/24

LRS Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 21.3¢		Change -0.003(1.16%)		Mkt cap ! $595.3M

Open	High	Low	Value	Volume
21.5¢	21.5¢	20.5¢	$1.663M	7.858M

Buyers (Bids)

No.	Vol.	Price($)
19	1722729	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	3757597	129

View Market Depth

No.	Vol.	Price($)
20	2424550	0.210
18	3379606	0.205
15	3691016	0.200
14	1937675	0.195
12	2798865	0.190

Price($)	Vol.	No.
0.215	3376142	102
0.220	3244838	19
0.225	2182846	12
0.230	2654811	19
0.235	2853101	24

Last trade - 14.01pm 04/10/2024 (20 minute delay)

LRS (ASX) Chart