Our OPEX are not anywhere near that of CXO or SYA there is no comparison.
Supply and demand economics will come into effect. Lithium prices stabilising in recent days. We just need to experience compitulation which is likely what's happening now.
Fortunate to be cashed up which is due to the effective foresight of management. Offtake agreements might get a little shakey if they're baseing things on current lithium prices but analysts don't look at today's price. LRS did a report a while back on their Lithium price forecasts, it's been on the money so far.
I mentioned this way back, standard deviations in these explorers are 70-80% it is what it is, have some conviction and average down. Or panic and solidy a loss, jump into the next ATH explorer like Uranium.
Those that will be patient, stick to the plan will be rewarded.
The timeline may change it could be back end 2024 or mid 2025. For now focus on EV adoption, I haven't seen a single metric showing these are slowing down or move to renewable has changed.
If you're getting annoyed by the P/A you chose the wrong risk profile.
I've been super content not worried a bit, just stick to the plan, focus on my happy life, balance things out (work, gym, family) and I average down as cashflow is not an issue.
Simple. Don't overcomplicate it.
LRS General Discussion, page-16358
-
-
- There are more pages in this discussion • 3,131 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $532.2M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.0¢ | $2.403M | 12.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 426200 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 953934 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 426200 | 0.190 |
13 | 3220884 | 0.185 |
19 | 739835 | 0.180 |
4 | 116171 | 0.175 |
5 | 305000 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 953934 | 9 |
0.200 | 870559 | 7 |
0.205 | 2288291 | 14 |
0.210 | 1671188 | 26 |
0.215 | 1252050 | 14 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online