My chart is long
But @anatol has put up an chart the other day indicating Ltr moves in spurts ie
2.5 to 10c
10c to 40c
40c to $1.60
hence the next move is $1.60 to north of $6
And every time this spurt occurs, it’s on a backdrop of a very obvious undervaluation compared to peers and the general market and sector sentiments
It’s been fascinating to be on the last 3 years how at certain periods we stagnate and then boom!!!
Pls now more than 5x LTR valuation. The $2 billion gap has become $13 billion. Ltr capacity is in the league of pls but Ltr is a project of much better quality imo- see my 2 latest posts if interested
So historical TA in the long period overwhelmingly supported by fundamentals
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