I don't think I could have put things any better.
I have an LTR position contrary to what some of the pumpers on LTR would like to convince themselves. Sub $1.00
I did not rise a position down $2+
The execution risk at LTR plus the need for more capital on their balance sheet to see it through ramp up is reason enough for the shorts.
Anyone thinking you turn a new plant on and start pumping out 6% with 78% recoveries....... YES 78% recoveries, I repeat 78% !!!!, world class numbers, are living in a fools paradise IMO. The mine model does not stack up without hitting those numbers.
LRS is a completely different ball game. Far lower risk part of the cycle. Risks yes, but lower.
I don't think I could have put things any better.I have an LTR...
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $3.506M | 20.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 170000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 1113801 | 13 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |