sentiment comes and goes and is often fickle. If you’re a short term trader then I guess sentiment is part of the game - but I’m a longer term investor and sentiment doesn’t bother me. Although when sentiment is in the toilet (as it is now), it’s generally a strong buy sign for me.
Im also of the view that the current SP weakness is almost entirely lithium macro related (I.e. LRS fundamentals remain strong and haven’t changed).
So the question then becomes, do you believe that lithium prices can remain at or above our PEA price ($1,699) over the longer term. If it can, then LRS @ $560m cap is cheap IMO
LRS General Discussion, page-15019
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Last
24.5¢ |
Change
0.015(6.52%) |
Mkt cap ! $685.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 25.0¢ | 22.5¢ | $2.363M | 9.848M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 103912 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 504000 | 5 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
24.3¢ |
Change
0.015 ( 7.30 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 24.8¢ | 23.0¢ | 2376428 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| LRS (ASX) Chart |