That is possible. I don't hold a position in LTR but I do follow its fortune as it is somewhat seen as the bellwether of the lithium sector due to the fact that it is at that stage where it is on the cusp of being a producer, but still reliant on external funding source to help it get across the line. I do wonder how the reduced scope at Kathleen Valley will impact its unit cost, and therefore profit margins and timing to reach positive cashflow. If they can't find an alternative debt funding source for that 150-200mn, I suspect they will have to pull a very dilutive CR. That would beg the question - why would Goyder try to support the price now when he can pile into the CR at much cheaper price...? It is possible he is trying to support the price prior to the CR to minimise the dilution. If it is Goyder, then he will have to sell a lot more STX to support LTR.
Sorry for the rambling - just thinking aloud
618
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $1.056M | 4.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 262128 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 3834531 | 37 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |