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.
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Last
$1.50 |
Change
0.070(4.91%) |
Mkt cap ! $3.624B |
Open | High | Low | Value | Volume |
$1.41 | $1.50 | $1.41 | $16.07M | 10.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24460 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.50 | 352520 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24460 | 1.495 |
6 | 285783 | 1.490 |
4 | 70477 | 1.485 |
4 | 255261 | 1.480 |
5 | 255308 | 1.475 |
Price($) | Vol. | No. |
---|---|---|
1.500 | 352520 | 32 |
1.505 | 75600 | 4 |
1.510 | 104159 | 10 |
1.515 | 115000 | 3 |
1.520 | 254024 | 5 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.50 |
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Change
0.070 ( 6.56 %) |
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Open | High | Low | Volume | ||
$1.41 | $1.50 | $1.41 | 3749970 | ||
Last updated 15.59pm 17/05/2024 ? |
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