LTR

1.82%

81.0¢ liontown resources limited

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dazaliam

6,277 Posts.

2029

02/07/24

20:00

Post #: 74575293
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Originally posted by Scarpa ↑

So what would a convertible note with no collateral have as an interest rate? Those rates would be higher than 8% - 10%, which is not uncommon for convertible notes without collateral.

I guarantee it would be a lot higher than the 5.33% that LTR will be paying under the LG convertible note. And I do not detract from my point that the arrangement benefits both parties as LG needs LTR's spodumene supply hence why it has sought collateral.

Asking for a friend - so what would the rate be without collateral? Seems close to a bank loan interest rate doesn't it as mutually both LG wants LTR to succeed - why it is because LG is not a miner, so needs LTR to run the mine, and it doesn't want to be held hostaghe to Chinese supply.

The next move in interest rates is likely to be down by the way so the rate will end up IMO lower than 5.33%

Where does the 5.33% rate come from - refer Secured Overnight Financing Rate Data - FEDERAL RESERVE BANK of NEW YORK (newyorkfed.org)

You realise the rate tied to the note is the SOFR.

Here you are arguing about finance in the past, and when LTR gets a good deal that benefits and strengthens the offtake partnership, here you are looking for negatives.

Finally if LTR doesn't succeed, it means the bottom of theEV market has fallen out and EV demand is not growing as forecast, which doesn't bode well for any EV relate stocks like your beloved graphite stock. In other words your collateral issue is a non-issue, because LTR will succeed IMO because EV demand will remain strong long term.

All IMO

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LTR will fail if production costs exceed sc6 price achieved, this could happen regardless of the EV market.

LTR Price at posting: 95.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 81.0¢		Change -0.015(1.82%)		Mkt cap ! $1.964B

Open	High	Low	Value	Volume
81.5¢	82.0¢	77.5¢	$15.36M	19.24M

Buyers (Bids)

No.	Vol.	Price($)
3	37388	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	95789	12

View Market Depth

No.	Vol.	Price($)
3	37388	0.810
7	808353	0.805
7	51000	0.800
3	11750	0.795
7	283321	0.790

Price($)	Vol.	No.
0.815	61191	9
0.820	103600	2
0.825	75943	8
0.830	80561	7
0.835	73250	4

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LTR (ASX) Chart

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