Lithium miner LTR is a lithium play with a twist. It includes a short position of over 10%, which we believe is brave by all concerned, considering the previous and potential corporate activity; it was only a year ago that the stock was in play @ $3! Gina has a more than an 18% stake in the battery metals producer, making her an obvious candidate for a bid following Albemarle’s (ALB US) failed attempt in mid-2023.
- We believe LTR is likely to test its recent swing high of ~$1.7, around 15% higher.
MM is bullish toward LTR short-term
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