We appear to be ending the year with indicators looking like we are on the up.
SMA's turning, SQZMOM heading in the direction of green, Williams%R showing it's been massively oversold the last month or so, MACD looking promising. The RSI shows weakness of conviction still though, which is understandable under the circumstances:
For those interested in the technicals, I've included a bookmark of mine which you might find useful - lots of things to play with there:
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=AU%3ALTR&time=6&startdate=1%2F4%2F1999&enddate=12%2F24%2F2024&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=0&lf=256&lf2=2&lf3=4&type=4&style=350&size=2&x=4&y=17&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Wishing everyone the best for 2025. I think it will be a huge year for LTR. If Lithium prices recover (and they must or supply will fail miserably to keep up with demand), we should be in profit by H2, and laughing in the face of the downrampers / paid stooges.
We must also surely have a massive target on our backs. Brand new state of the art processing facility, 20+ year mine life, lower end of the cost curve (once ramped up and plant tweaked), and our MC at $1.3bn, is basically what we've spent on building the mine. No value attributed by the market currently, to 156MT (and then some) of spod in the ground.
There's something very wrong with this picture! Any of the bigger mining companies looking to get a foothold in the market, must surely be running the rule over LTR right now.
Happy holidays!
(20min delay)