LTR 1.58% 96.5¢ liontown resources limited

LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3528

  1. 542 Posts.
    lightbulb Created with Sketch. 199
    Hard to understand the mentality really, I just sit here and scratch my head wondering what they are seeing that I cant...

    we de risk by the day and with improving lithium pricing only thing stopping us is a general market crash (which to be honest could happen the way the US is going but that's pie in the sky stuff and not LTR specific)

    how are they expecting to get out of this now.(and PLS for that matter) they were given a golden opportunity to convert to long with the CR and the weakness that followed. but they seem to be doubling down like a gambler at a casino that doesn't think they can loose. you would think there would be way more upside with less risk if they closed and went long. could easily see this above double current pricing if they did. do they really think they can get it to 65c to make the same money as $2.60?

    as much as I have not been happy with the budget/financing issues we have had, management have NOT let us down regarding operational components and getting this thing towards production. I personally don't think they are about to start now and yes all mines have initial problems but we have had a lot of mines to watch and learn from there mistakes.

    regardless going to be an interesting time over the next 12 months
 
watchlist Created with Sketch. Add LTR (ASX) to my watchlist
(20min delay)
Last
96.5¢
Change
0.015(1.58%)
Mkt cap ! $2.291B
Open High Low Value Volume
97.5¢ 99.0¢ 94.0¢ $11.79M 12.23M

Buyers (Bids)

No. Vol. Price($)
7 185346 96.5¢
 

Sellers (Offers)

Price($) Vol. No.
97.0¢ 190606 4
View Market Depth
Last trade - 16.10pm 01/08/2024 (20 minute delay) ?
LTR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.