LRS

3.13%

15.5¢ latin resources limited

I will let everyone know when I leave, not that it is important...

First 18257 Last

Share
Profile

Follow
cophot

2,594 Posts.

360

02/07/24

17:47

Post #: 74573110
Share

Originally posted by HomeBrand: ↑

It's pretty obvious that the Chinese are trying to short the shit out of the carb market to stop the likes of LTR from starting up and providing feedstock of carb to the likes of Ford, Tesla & LG. This is supported by the rumour today that POSCO (not chinese) are likely to bail LTR out.

It happened in the nickel market and drove virtually all of the local WA nickel niners out of business.

The things in LRS's favour are -

1. We're not in Africa.
2. We will be lowest cost quartile.
3. Unencumbered offtake.
4. 2 years until production.

Have a look over at the LLL saga happening with ganfeng. It's a nightmare scenario playing out in real time. Shareholders cant even sell as its in suspension.

ganfeng is not our friend. When you have chinese entities that are vertically integrated you can bet that they want the raw material prices to be as cheap as possible. Most of the input raw materials come from OS, OZ in particular, so they won't want to be paying too much premium to the OZ miners (aka the OZ government in company profits tax). Their end product, whether it be batteries or value-added lithium hydroxide, is where they want to make their profits.

Any market commentary I see from SMM, Fastmarkets, LME, BMI i view with a healthy degree of scepticism tinged with large element of truth. Deciphering their commentary can be tricky.

I'm personally re-assessing where I see the exit strategy to be in this lithium climate. If there can't be a transparent market for Lithium carbonate pricing then my view will be more conservative.

It's tough out there at the moment. Would be nice to see some July buying after tax loss harvesting is now over.

Expand

I will let everyone know when I leave, not that it is important but seeing the top beforehand and now the bottom I have seen both. I would love it if we all indicate when we reach that point for all on this forum.

LRS Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Talking Australia's very competitive property landscape: Realty Talks

IMR

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

MCT

Metalicity looking for offers on Admiral Bay zinc project

GNX

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

LKE

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

There are more pages in this discussion • 198 more messages in this thread...

First 18257 Last

Add LRS (ASX) to my watchlist

(20min delay)
Last 15.5¢		Change -0.005(3.13%)		Mkt cap ! $433.9M

Open	High	Low	Value	Volume
15.5¢	16.5¢	15.3¢	$1.819M	11.57M

Buyers (Bids)

No.	Vol.	Price($)
17	1362632	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	40000	1

View Market Depth

No.	Vol.	Price($)
17	1362632	0.155
70	4683790	0.150
22	1584302	0.145
30	2151520	0.140
9	745028	0.135

Price($)	Vol.	No.
0.165	1129326	18
0.170	1743470	27
0.175	1439512	17
0.180	1420692	15
0.185	1202200	18

Last trade - 16.10pm 19/07/2024 (20 minute delay)

LRS (ASX) Chart

I will let everyone know when I leave, not that it is important...

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Talking Australia's very competitive property landscape: Realty Talks

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Metalicity looking for offers on Admiral Bay zinc project

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I will let everyone know when I leave, not that it is important...

Top Stories

Week 29 Wrap: Trump in spotlight again; China's Third Plenum a yawnfest; RBA's August move a mystery

Talking Australia's very competitive property landscape: Realty Talks

Imricor raises $35M to pursue growth and expansion into Australia and NZ

AI stocks: What to expect in 2024-25

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

Metalicity looking for offers on Admiral Bay zinc project

NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project

Wealth Within considers potential takeover targets in Australia's booming infrastructure industry

Warren Tredrea’s weekly sports business wrap: the latest on business in sport

Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News