I am optimistic in the long term with Li. Just not particularly optimistic for the next 18 - 24 months.
Building positions, re balancing portfolios now is the key to LT success IMO.
I have continually held LTR to varying levels through 2020 until it was clear Gina was building a blocking stake. I posted selling out of our SMSF. I had sold my other holding at $2.56
I re entered after the SP got the shit kicked out of it to sub $1.00. It is a good speculative buy under $1.00
Its not bad buying now for the LT but I don't see any hurry to add more.
LTR does have some very specific areas;
- Commissioning / ramp up in a low price environment
- underground mining (higher opex)
- gold plated capex
- pricing tied to hydroxide
- planned commissioning with a sizeable debt facility
- planning to ship its product probably the furthest of any hard rock mine
.....to name a few.
A low price environment is not conducive for commissioning a mining project unless it is very low on the cost curve.
As for other plays, MY 3 key rules for investing are:
1. Bank Regular Profits
2. Bank Regular Profits
3. Bank Regular Profits
If you follow that it covers a multitude of sins and bad decisions in the spec space. AVZ owes me nothing, in fact in 2022 FY I had a sizeable tax bill.
New TA/Charting, page-14554
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Last
$1.17 |
Change
-0.010(0.85%) |
Mkt cap ! $2.830B |
Open | High | Low | Value | Volume |
$1.19 | $1.19 | $1.16 | $7.359M | 6.289M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 169394 | $1.17 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.17 | 213388 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 170351 | 1.165 |
22 | 308829 | 1.160 |
34 | 367313 | 1.155 |
60 | 595309 | 1.150 |
14 | 518368 | 1.145 |
Price($) | Vol. | No. |
---|---|---|
1.170 | 210983 | 26 |
1.175 | 180902 | 15 |
1.180 | 260208 | 19 |
1.185 | 97368 | 8 |
1.190 | 144670 | 9 |
Last trade - 12.30pm 07/06/2024 (20 minute delay) ? |
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Last
$1.17 |
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Change
-0.010 ( 1.28 %) |
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Open | High | Low | Volume | ||
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Last updated 12.44pm 07/06/2024 ? |
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