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#Bear Case
Added 5 months ago

Suspension from quotation.

Not good especially for Gina.

Maybe Bill Beament made the best decision for DVP in pulling out of the contract?

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#Bear Case
Added 5 months ago

Big news today on Liontown with the takeover called off due to complications with the transaction.Most likely they are referring to Gina's 20% strategic stake in Liontown.

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As if the takeover cancellation was not bad enough for shareholders, Liontown also announced a trading halt for additional funding.

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Will be interesting to see how the share price reacts once the trading halt is lifted.

Maybe a good time to invest now the takeover uncertainty has been lifted?


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##SPP
Added 5 months ago

Announced today. Full plan 22 pages but summary as per email to holders:


Offer Summary

On 19 October 2023, Liontown Resources Limited (ACN 118 153 825) (Liontown) announced that it would be conducting a share purchase plan (SPP) to raise up to approximately $45 million.

The SPP provides eligible shareholders with the opportunity to acquire up to A$30,000 worth of Liontown ordinary shares (Shares) without paying any brokerage costs, commission or other transaction costs.

Eligible shareholders participating in the SPP will be able to purchase new Shares (New Shares) at an issue price that is the lower of:

  1. A$1.80 per New Share, being the same price per Share paid by institutional investors under the Placement announced on 19 October 2023; and
  2. a 2% discount to the 5-day volume weighted average price of Liontown shares traded during the five ASX trading days up to, and including, the closing date (expected to be 20 November 2023) (rounded to the nearest cent).

Participation in the Offer by Eligible Shareholders is entirely optional.

Eligible Shareholders are encouraged to read the SPP Booklet carefully and in its entirety before making an investment decision and if required, consult their stockbroker, solicitor, accountant or other independent professional advisor.

If you have any questions, please call your stockbroker, solicitor accountant or other professional adviser or the Liontown Offer Information Line on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) between 8:30am and 5:00pm (Sydney time), Monday to Friday during the Offer Period.



Held

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Valuation of $2.33
stale
Added 6 months ago

29/9/23 Gina and HHPL hold 12.36%

29/9/23 FY23 Report released

29/9/23 price CNY/T: 166,500

1/9/2023:

Lithium Trends Lower: So Ho Hum here...

Lithium carbonate prices sank further in August, dropping below the CNY 215,000 per tonne mark for the first time since May and approaching the two-and-a-half-year low of CNY 165,500 touched in April April amid compounding signs of low demand for key battery manufacturers. Battery manufacturers for new energy vehicles phased out buying activity since the start of the third quarter as their input inventories filled up and funds from previous government-led subsidies dried. The concerning macroeconomic backdrop for the Chinese economy also translated to low consumer spending for electric automobiles, resulting in expectations of further deflation in the third quarter after data showed that the CPI declined in July. Despite a 32% year-on-year growth in new energy vehicle sales during the period, reports showed that 10 Chinese new-energy vehicle producers offered new rounds of price cuts to meet second-half sales targets.

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19/7/23

Deal with Qube Holdings Haulage contract. 5yr Term

Port of Geraldton, is valued at approximately A$175 million over the five-year contract term

The contract will generate around 45 new positions and the Quad-trailers will be sourced in Western Australia.

Liontown Resources (ASX:LTR) is an emerging Tier-1 battery minerals produce.

Extrapolate #s Haulage cost: Wages $6.750Mill = (45 x $150,000) x 5yr

How much do Quad - trailers cost? $1Mill ea say $45million.

Maybe port upgrades = few $Mill

ect



16/5/23: Growth Return (inc div)   1yr: 141.15%   3yr: 215.66% pa   5yr: 161.93% pa Now thats capital GROWTH

Market Cap $2,455Mill

current price $1.00 at 1/6/22

issued shares: 2,191

First Production circa 2024

various off-take agreements

29/6/22 - Debt facility provided by Ford ( circa $300Mill ), along with proceeds from Liontown’s A$463m capital raise in December 2021, means Kathleen Valley is now funded to first production.


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#Half Year Accounts
Added 2 weeks ago

A bit rubbery- Generally Lithium market has blown-up Supply vs Demand problem..No wonder BHP didn't believe the lithium story.

LIONTOWN RESOURCES LIMITED (ASX:LTR) - Ann: Half Year Accounts, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Standards and Interpretations in issue not yet adopted The Directors have also reviewed all Standards and Interpretations in issue not yet adopted for the period ended 31 December 2023. As a result of this review the Directors have determined that there is no material impact of the Standards and Interpretations in issue not yet adopted on the Company and, therefore, no change is necessary to Group accounting policies. (e) Going Concern The interim financial report has been prepared on the going concern basis, which assumes continuity of normal business activity and the realisation of assets and settlement of liabilities in the ordinary course of business.

For the half year ended 31 December 2023 the Group incurred a net loss of $31.0 million (31 December 2022: $6.9 million net loss), and experienced net cash outflows from operating and investing activities of $344.3 million (31 December 2022: $64.1 million).

As at 31 December 2023 the Group held cash and cash equivalents of $516.9 million (31 December 2022: $384.0 million), had an excess of current assets over current liabilities of $461.7 million (31 December 2022 $345.9 million)

and had outstanding contractual capital commitments for the acquisition of property, plant and equipment for the Kathleen Valley Lithium Project (Project) of $238.5 million (30 June 2023: $211.6 million). As at 29 February 2024, being the most recent month end prior to the approval of the interim financial report, the Group’s cash and cash equivalents was $416.1 million. On 22 January 2024 the Group announced that as a result of recent material declines in spodumene prices, it was conducting a review of the planned 4Mtpa expansion and associated ramp-up of the Project to preserve capital and reduce near-term funding requirements.

Market at the most pessimistic sentiment..could be time to buy!!!!!!!!

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And..

On 13 March 2024 the Group announced that it had entered into a $550 million debt facility agreement (Debt Facility) with a syndicate comprising leading domestic and international commercial lenders, and government credit agencies. The Debt Facility matures on 31 October 2025 and, if not refinanced or repaid sooner, is repayable via a bullet payment on the maturity date. The proceeds drawn under the Debt Facility will be used to refinance the existing Ford Facility, as well as to fund Project related costs and meet the Group’s working capital requirements. Drawdown of the Debt Facility is subject to conditions precedent to both first utilisation and subsequent drawdown, which have not been met at the date of this report. The Directors believe that all conditions precedent to first utilisation and subsequent drawdown will be satisfied prior to utilisation and subsequent drawdown having consideration to the nature of the remaining conditions precedent. 


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#Gina & HHPL 12.36%
stale
Added 6 months ago

This afternoon: Person’s votes Voting power

272,291,417 12.36% 

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#FY23 Report
stale
Added 6 months ago

Funding By the end of FY23, $556 million, approximately 62 percent of forecast project expenditure, had been committed. Remaining funding at 30 June 2023 was $485.8 million, comprising approximately $304.5 million in existing cash reserves and $181.3 million remaining undrawn under the Ford debt facility. At the end of FY23, negotiations were well advanced on a range of further funding options to deliver the Kathleen Valley Lithium Project into production. Securing additional funding is anticipated well ahead of the requirement for funding.

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  • Note: Tony Ottaviano Managing Director / CEO



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Shareholder Return is 50% Upon Vesting ..so good weight for a profitability focus.

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#Business Model/Strategy
stale
Added 7 months ago

Well as we know Albemarle have upped the offer to $3, crazy IMHO, but it's their money.

Word is they and IGO are hoping Tianqi keeps having issues so the Chinese will sell cheap. When the Chinese toe cutters came in Feb, they undid all the work to fix their original design and said that perseverance would win. Probably will...eventually...but Albemarle and IGO will be hoping for a cheap deal if they give up on the processing arm.

So for anyone thinking Lithium is on the want....U$4.5bn says otherwise.

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#S&P DJI Announce Sept Rebalanc
stale
Added 7 months ago

S&P DJI Announces September 2023 Quarterly Rebalance:

S&P/ASX 100 Index – Effective Prior to the Open on September 18, 2023

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The rest of them Here: HASTINGS TECHNOLOGY METALS LTD (ASX:HAS) - Ann: S&P DJI Announces September 2023 Quarterly Rebalance, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

S&P/ASX 200 Index – Effective Prior to the Open on September 18, 2023

S&P/ASX 300 Index – Effective Prior to the Open on September 18, 2023

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#LTR AFR News
stale
Added 7 months ago
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#GS. Ceasing substantial holder
stale
Added 12 months ago

GSGI Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA

Goldman Sachs Australia Group All care of Level 22, 101 Collins Street, Melbourne Victoria 3000, Australia Goldman Sachs Financial Markets Pty Ltd (“GAUS”) Level 22, 101 Collins Street, Melbourne, Victoria 3000, Australia

Goldman Sachs & Co. LLC ("GSCO") 200 West Street, New York, NY 10282, USA

Goldman Sachs International (“GSI”) Plumtree Court, 25 Shoe Lane, London EC4A 4AU, United Kingdom 

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#strategy and project update
stale
Added 8 months ago

“Liontown really is powering ahead on all fronts, and our flagship Kathleen Valley Project is now less than 12 months from first product

LIONTOWN RESOURCES LIMITED (ASX:LTR) - Ann: Liontown strategy and project update 2023 Diggers & Dealers, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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Lithium Carbonate 99%Min China Spot Chart - Investing.com AU

10 Yr Chart the Lith' price has come off since 2022 see if 257,500 is the bottom here:

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LTR chart below: steady vs the market Lith' price

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#Liontown awards Spodumene Conc
stale
Added 8 months ago

to integrated logistics solutions provider, Qube Holdings Limited (Qube) 5yr Contract movin the dirt.

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Is that asx (QUB) Qube Holdings Limited ..I noted No mention of the announcement yet!!

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#Open Pit Mining Services Contr
stale
Added 11 months ago

The Open Pit Mining Services contract is valued at approximately A$240 million over a three-year contract term. The award of the full contract follows a competitive tender process in late 2022

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# DSO opportunity
stale
Added 8 months ago

70,000 tons of material DSO stock piled since January to July 2023 at Kathleen & Mt Mann

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Share price reaction: $2.72 at open has not moved the "dial" in either direction..

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#Quarterly 30 June23
stale
Added 8 months ago

See how this trades today

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#Appointment of Chief Financial
stale
Added 11 months ago

Liontown Resources Limited (Liontown or the Company) is pleased to advise that Mr Jon Latto has been appointed as the Company’s Chief Financial Officer (CFO), a role he has been acting in since December 2022.

A Chartered Accountant, Mr Latto also holds a Master of Business Administration and Bachelor of Commerce from the University of Western Australia. Liontown’s Managing Director and CEO, Tony Ottaviano, said

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see how this take-over by Albemarle pans out.

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#Statestreet Corp substantial h
stale
Added 11 months ago

Ordinary 110,200,877 Votes: 110,200,877 Voting Power: 5.01%

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#ESG is tone
stale
Added one year ago

Message from Tony Ottaviano Managing Director and Chief Executive Officer...ESG is the word ..lah..lahh

Much has happened during the past year, with Liontown securing project funding for the development of Kathleen Valley, signing binding offtake agreements with a group of Tier-1 global customers who value our high ESG credentials, announcing a Final Investment Decision, obtaining all key development approvals and commencing construction at site.

The flavour of the month ESG stuff...

More reading 2924-02600635-6A1123208 (markitdigital.com)

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#Production Lithium 1/4
stale
Added 2 years ago

LTR- Time line to expected production: Q2 2024 .....Other businesses below: AKE,CXO, PLS, SYA. PLL


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The Aussie listed spodumene producers:

LTR - $1.00ps - Time line to expected production: Q2 2024 PowerPoint Presentation (markitdigital.com)

AKE - $10.25ps - Producing Current estimated annual spodumene production for FY22 is anticipated to fall marginally short of guidance by approximately 2-4%, at between 192,000 - 196,000 dmt, due to production delays-

AKE - 2924-02528684-2A1377578 (markitdigital.com)

CXO - $0.93ps - Darwin N.T. Production expected CY2022 - 2924-02533508-6A1096406 (markitdigital.com)

PLS - $2.24 - Producing FY2022 between 373 - 377,000dmt - 2924-02536250-6A1097491 (markitdigital.com)

SYA - $0.155ps - Production commences First half 2023 - 2924-02536118-6A1097426 (markitdigital.com)

PLL $0.52ps - Various projects - Construction Clean Energy in the USA (markitdigital.com)

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#2023 Macquarie Australia Confe
stale
Added 11 months ago
  • Presentation - 2023 Macquarie Australia Conference


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#Open pit Operations
stale
Added one year ago


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#podcast
stale
Added 2 years ago

Worth a listen,

Global lithium podcast; Joe Lowry interviews Tony Ottaviano

https://podcasts.apple.com/au/podcast/episode-139-tony-ottaviano/id1483677267?i=1000569794687

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#Webcast Funding & Project upda
stale
Added 2 years ago

Kathleen Valley is a new, globally significant, lithium development project located 680km north-east of Perth

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#Inflation or Deflation? | ITK
stale
Added 2 years ago

Cathie Wood, is joined by Nancy Lazar.

https://youtu.be/6Y6Hhb6TkEU

Summary that I took away from this video:

1. Due to surplus of inventories, big companies such as Target, Walmart, and Home Depot are going to try to get rid of their inventories by adjusting their prices (e.g. sales). So we can expect this to contribute to deflationary in the near future.

2. USD has strengthen by 15%, which is a big inflation protector.

3. Used cars values are going to come down as mentioned several times in the previous weeks videos as well.

4. Bonds market interest rate are going down (prediction with R2 score of 95%), but the stock market hasn't understood that or realized that yet. So we can expect the equity market coming back up in the near future.

5. Cathie is expecting that the equity that are going back up will be the growth stocks, instead of the value stocks like back in 2020-2021.

6. Both of the speakers think that the Feds are making a mistake by tightening up the market too much, because the economics outlook isn't doing so well (high energy prices, low spending, and low consumer confidence)

7. Cathies thinks automation is going to play a big part of bringing manufacturing back to USA, it's going to benefit the USA greatly but will hurt the other countries greatly as well.

8. As mentioned in most of the ITK videos with Cathie, Cathie still stands firm on ARK's point of view on the disruptive technology and innovation

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#Definitive Feasibility Study (
stale
Added 2 years ago

LTR - Definitive Feasibility Study (DFS) for its 100%-owned Kathleen Valley Project, 

some #s to wade through here:

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Executive Summary:

Liontown Resources Limited (ASX: LTR; “Liontown” or “Company”) is pleased to announce the completion of the Definitive Feasibility Study (DFS) for its 100%-owned Kathleen Valley Project, with the results confirming the potential to develop a leading second-generation lithium-tantalum mining and processing operation in Western Australia’s Northern Goldfields.

Building on the PFS completed in October 2020, the DFS outlines a Tier-1 global lithium project with exceptionally strong financial and technical merits, combined with a class-leading sustainability and ESG framework that is being fully integrated with the Project’s development, details of which will be released in Q4, 2021.

The DFS delivers exceptional results including a further increase in project NPV8% to $4.2 billion and an Ore Reserve which underpins a ~23-year mine life at a planned initial processing rate of 2.5Mtpa, ramping up to 4Mtpa in Year 6 of operations.

This will see Kathleen Valley become one of the largest new lithium producers globally, with annual production of SC6.0 commencing at ~500ktpa and ramping up to ~700ktpa at globally competitive cash operating costs of US$319/t SC6.0 (Years 1-10, excluding Royalties).

The DFS is based on a long-term weighted average price assumption for SC6.0 of US$1,392/tonne and incorporates realistic assumptions for capital and operating costs that take into account the current extremely competitive environment in the WA resource sector as well as cost escalation in materials, services and salaries.

The DFS clearly demonstrates the scale, grade, product quality and Tier-1 location of the Kathleen Valley Project (close to modern infrastructure), positioning it to advance rapidly to a Final Investment Decision (FID), targeted for Q2, 2022.

Building on the extensive work previously completed, metallurgical test work carried out in 2021 has confirmed the ability to produce a +6% Li2O spodumene concentrate with an estimated average recovery of 81% plus a ~12% Ta2O5 concentrate with an average estimated site recovery of 42%.

The tantalum concentrate will be further upgraded off-site to 30% Ta2O5 prior to shipment.

Disc: RL & SM.


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#Substantial Holder
stale
Added 12 months ago

Goldman Sachs Group .. takes a stake .. Interesting events here.....

Class of securities Number of securities Persons’ votes Voting power

Fully Paid Ordinary Shares 116,149,873 116,149,873 5.28% 

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