Australian (ASX) Stock Market Forum

LTR - Liontown Resources

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Triggered my weekly system a few weeks ago, performing nicely atm. ?

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Yes @peter2, travelling nicely at the moment.
Was expecting to see some news pop up earlier today as there has to be something stirring an interest.

I like that 16 to 18c area breakout pattern, nice pattern on both the weekly and the daily again now too.
Some weekly pattern similarities to what LYC had around 2.60 to 2.80 in October before it took off ;)

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Do you really want to have the chicken and the egg discussion eh Boggo?
These non market sensitive announcements are funny creatures of effect, on occaisions.

Lithium AND nickel AND copper ?
Is that not the trifecta in today's hot property underground?
 
So who holds? Anyone know what sent it running at the start of sep?
 
Thanks @Boggo and @peter2 for bringing LTR to my attention during the year. I've been in and out of it like the proverbial bride's nightie.

I shall have to make a decent woman out of LTR perhaps just before Easter when the second Covid coming occurs and the markets go to absolute rubbish.

All those elements it keeps on finding. Can it keep going?

Let us hope so, a pick for me in the comp Y2021.

gg
 
@Garpal Gumnut , I also have LTR as a key pick in the CY21 competition.
I have a bullish view for Lithium stocks in general over the next 12months based on the accelerated adoption of electric vehicles in a COVID world (when everyone was in lock down some of the dirtiest cities in the world from an air quality point of view became clean again), on going government stimulus and tightening of regulations to 'encourage' EV uptake in the larger car markets such as Europe and China and news that Chinese stockpiles of spodumene have drawn down faster than expected with the market deficits expected in 2021. Whilst AVZ have a much better project at Manono than LTR at Kathleen Valley, the Congo factor for AVZ was a preference factor for me (although I also have AVZ in the CY21 competition). The Tim Goyder factor at LTR, I hoping will also be a positive factor for ASX investors over the next year
 
Reverse Circulation drilling at the Moora Project in W.A. has intersected high grade gold mineralisation.

See below:

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LTR up 14.8% to 50.5c today on volume of 14.52 million shares. Hitting all-time highs.
 
Cam019 said:
LTR has broken out of an ascending triangle pattern on the weekly time frame.
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LTR has pushed through 60c today and is looking very bullish. Currently trading at 61c. Volume is at 9 million shares already by midday. Looks like yesterday's Moora and Koojan JV Projects Update acted as a catalyst and pushed LTR further north.
 
The good time continue to roll for LTR, with a strong move above 70c today after spending a couple of weeks consolidating between 65c and 70c.

Start of the next leg up?

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More encouraging news from Liontown, a couple of announcements, sure to push prices up even further. Liontown look very consistent on paper...

Landmark $52m Capital Raising to Accelerate Kathleen Valley Project and Drive New Growth Horizons

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Strong PGE and gold anomalism confirmed at Koojan JV Project

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Lionstown Resources are still on top of there game. share up again today 9.47% 0.080c to 0.952c on back of Quarterly Activity Report with cash flow looking positive.
 
Stockybailz said:
Lionstown Resources are still on top of there game. share up again today 9.47% 0.080c to 0.952c on back of Quarterly Activity Report with cash flow looking positive.
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Interesting to see, if Lionstown can stay on top of the game, with sellers possibly poised to take over. After a couple of announcements brought forward this morning.

Elimination of the royalty is value accretive and supports ongoing project optimisation and growth initiatives ​
Liontown Resources Limited (ASX:LTR) is pleased to advise that it has executed a royalty termination deed under which Ramelius Resources Limited (ASX:RMS) has agreed to terminate the Kathleen Valley Royalty it holds over the 100%-owned Kathleen Valley Lithium-Tantalum Project in Western Australia. In consideration for terminating the KV Royalty, Liontown will pay Ramelius A$30.25 million in cash.

Liontown Resources has just released its latest investor presentation which it will present to the Diggers and Dealers Mining Conference in Kalgoorlie, Western Australia which gets underway today.

The presentation highlights the current strong lithium market fundamentals and shows how an accelerated Kathleen Valley Project development timetable will meet a lithium market shortfall where there is an anticipated supply gap from 2024.

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