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LIONTOWN RESOURCES LIMITED

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LTR trade ideas

LTR (ASX) chart resembles AmazonI've been looking at US stocks lately and going through the Ideas on Aussie stocks. I saw LTR and immediately thought of Amazon. There seems to be a common wave structure. The wave count technically is not Elliott Waves because: - Wave 4 on both charts enter the territory of Wave 2 - Wave 4 goes below Wave 3 on LTR. However, if you look at the general form of both charts, they are quite similar. If LTR behaves in a similar manner, then there could be quite an uptrend ahead.
ASX:LTRLong
by AuroraCharts
Liontown Resource OutlookTechnical Analysis Short-term: Watch the $1.00 support level. If it holds, there might be a short-term bounce, especially considering the increased volume at this level. Medium-term: Monitor the $1.25 support and $1.75 resistance levels. Both levels show significant volume activity, indicating strong buying and selling interest. Long-term: Significant resistance is around $2.75. A break above this level, confirmed by high volume, could indicate a potential for higher highs. Macro Analysis The latest quarterly report for Liontown Resources, dated March 2024, indicates several updates and progress compared to the previous financial report. Here are the main changes: 1. Project Completion Progress: The Kathleen Valley Lithium Project is now more than 85% complete on an earned value basis, with the process plant approximately 90% complete. This is a significant advancement compared to earlier stages. 2. Workforce and Construction Hours: The site-based workforce now exceeds 900 people, and approximately three million work hours have been recorded since construction commenced at Kathleen Valley (61204675-1) . 3. Mining Progress: Underground mining has achieved significant progress, with approximately 1,535 total development meters recorded for the March quarter Open pit mining has also advanced well, with 1.1 million bulk cubic meters mined and ore being stockpiled ahead of plant startup 4. Process Plant and Infrastructure: Commissioning of the dry plant commenced in late March 2024, with the crushing circuit energized ahead of schedule Wet plant milestones were achieved, with key areas like flotation piping and electrical well-progressed 5. Financial Position and Funding: Execution of a A$550 million debt package to support the Kathleen Valley project, ensuring sufficient funding through to first production and beyond The company's cash balance was A$358.1 million as of 31 March 2024 6. Business Readiness and Recruitment: Business readiness preparations continued to build momentum ahead of first production, with 258 full-time employees directly employed by Liontown at the end of the quarter 7. Environmental, Social, and Governance (ESG) Activities: Key ESG activities progressed, including the approval of the Kathleen Valley Mining Proposal update and the completion of heritage surveys for infrastructure construction 8. New Contracts and Agreements: The Kathleen Valley Village Services contract was awarded to Sirrom Corporation for three years Significant progress was made on the construction of the 95MW Hybrid Power Station, including the installation of solar panels and live testing of LNG gensets 9. Tailings Storage Facility and Water Management: The Tailings Storage Facility (TSF) cell 1 continues to be filled with raw water to support start-up processing operations These changes reflect significant advancements in project development, financial structuring, and operational readiness compared to previous reports, positioning Liontown Resources closer to commencing production and generating revenue from the Kathleen Valley Lithium Project.
ASX:LTRLong
by monkreet
Lithium Fever Liontown ASX: LTR long term chartThe function of bear markets is to remove all speculative excess from markets and individual stocks. My last publication was on BNPL stock ZIP on the Australian ASX which suggested that it would go bust and is now trading at 45 cents from $14.50. The next speculative sector is Lithium Mining which has been supported by a great deal of irrational exuberance without any regard for macro economic headwinds. This chart suggests that LTR will endure a similar fate to the BNPL stocks which have fallen from Market darlings to Market Pariahs
ASX:LTRShort
by kjl5500
Lithium Running Hard On Shortages NewsAustralian Lithium miners like Liontown Resources are running really well at the moment with all the news around battery shortages. Might be a bit too late to catch this one, but well worth looking around for other Lithium suppliers that might not have run as hard yet. "Lithium hydroxide prices hit all-time highs of $20,000 per metric ton on Sept. 8, according to S&P Global. The primary reason is a surge in electric vehicle sales in China that has driven demand for lithium-ion batteries higher. Between January and August, sales of new electric vehicles (NEVs) in China jumped 194% year over year, according to data from the China Association of Automobile Manufacturers." Source: www.fool.com
ASX:LTRLong
by zAngus