So as I understand it, LTR isn't expected to hit production until Q2 2024. That is a looooong way away. A lot can happen in that time:
- Lithium price falls
- Delays (labour market still very tight)
- Global recession / downturns
- Credit risk
- Other key project risks
LTR appears very cheap compared to companies like PLS - anywhere in the vicinity of $5-10 for LTR seems reasonable if it were producing right now.
But in lieu of that... the question becomes what is fair value now? And what does a path to production look like? Curious to hear people's thoughts (not just rampers though). I really want to hold until production as the upside looks immense - but I'm also quite overweight in LTR, and need to manage risk - particularly the risks flagged above.
So as I understand it, LTR isn't expected to hit production...
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Last
$1.04 |
Change
-0.045(4.15%) |
Mkt cap ! $2.521B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.08 | $1.04 | $10.81M | 10.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 339507 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 120794 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.05 |
Change
-0.045 ( 4.12 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.08 | $1.04 | 2904342 | ||
| Last updated 16.00pm 14/06/2024 ? | |||||
| LTR (ASX) Chart |