LTR (ASX) FA &amp; General Banter

Originally posted by vmp: ↑

Are you also saying it’s a desperate sale by tianqi and could have worth more?

Management still buying more shares in the millions at 23 cents weeks ago and converting options. My gut tells me TG and his team are possibly working on an $3-$4 billion deal to exit KV. Whether that’s 2021 or 2022 doesn’t bother them, they’re debt free, cashed up and busy finding more deposits. KV has flexibility to be accelerated but there’s no pressure to do so. You don’t rush to bring your bananas and tomatoes to the market when the price is dollar a kilo. In fact many farmers just throw or leave them to rut. Ajm did try to produce more during price downturn and ended up in a rot (unfortunately). Ltr’s by far more astute with decades of experience

“You obviously love this end of the market. What excites you about it most?
“There are very few thrills in business life, but one of them is actually making a discovery.”

.......https://www.google.com.au/amp/s/unauthorised investment advice/resources/the-explorers-tim-goyder-and-the-secret-behind-his-magical-small-cap-four-peat/?amp

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Yes @vmp you are right that Greenbushes stake sale to IGO by Tianqi was a desperate sale and could have probably worth more.

Originally posted by Northen_munky: ↑

Hey Vmp

Tiangi currently producing over 13% of lithium supply....Buying into SQM looks like a step to far and has put the whole business in jeapordy...

Looking at it from a laymans point of view they cannot cover their debts and possible will have to liquidise assets to become more stream lined and profitible, China needs companies like Tianqi and will do whats neccasary to keep them afloat but its all a big hill to climb...

As for Ltr we are sat in the driving seat and learning from history with regards to lithium and making the right descisions at the right time...

I have no doubt that Goyder and crew are moe than aware of who and when to sell there prize asset whether it be a JV/SELL.

Until then, we wait

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You also are right that Tianqi cannot cover their debts by Greenbushes stake sale to IGO, and possible will have to liquidise more assets soon.

Let's not forget all kind of lithium prices (SC6, carbonate and hydroxide) have started to go up in last 3-5 months, but they are still low in term of profit margin in comparison to what iron ore producers are making from dirt.

I think those lithium prices will at least double in next 2 years and even some poor lithium projects will be escalated to unfair prices because of the market hype.

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Last 45.0¢		Change 0.025(5.88%)		Mkt cap ! $813.6M

Open	High	Low	Value	Volume
43.0¢	46.0¢	42.5¢	$2.296M	5.177M

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Last 45.0¢		Change 0.025 ( 6.41 %)
Open	High	Low	Volume
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Last updated 15.57pm 25/01/2021 (live) ?

You also are right that Tianqi cannot cover their debts by...

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