I think LTR is an excellent company with a Tier 1 SC6 mine and a powerful management team. If the SC6 price was on a steady uptrend and the market sentiment was positive, I would undoubtedly be long and enjoying the share price journey. Unfortunately the current situation regarding both the SC6 price and the market sentiment is strongly negative. This will continue to put downward pressure on LTR's share and even though there may be short covering bounces on the way, the likely persistent trend will be downwards. Hence the only way to enjoy capital appreciation in the current market environment is to go short LTR.
The LTR management team will also be under serious pressure and I suspect they are vigorously considering a number of strategic options to maintain their cash position in this difficult market. Once they have chosen their strategic road we will probably get an ASX announcement. Hopefully shortly.
All IMO
Next Lithium Bull run, page-56
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Last
92.5¢ |
Change
-0.040(4.15%) |
Mkt cap ! $2.243B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 95.0¢ | 92.0¢ | $8.521M | 9.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 369258 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 5600 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |