Not to mention he fails to disclose these reports were made when the lithium price was on the up and there was a serious supply shortage.
Not even 6 months after those reports went out the then lithium price would’ve seen VUL’s profit on 24kT exceed $1.4B/yr. What has happened since then is one thing and one thing only; the lithium price took an absolute beating. Everything else that is within VUL’s control has been handled very well and progress has been stellar.
Yes, the lithium price fell so all the valuations research brokers made back then would now seem ludicrous but do we honestly think the price will stay this low indefinitely? I certainly do not believe so. Producers cannot produce lithium at a loss forever.
Even if this does take a couple years before production, everyone knows the market is forward looking and values (with risk priced in) companies accordingly. Once the finance aspect is locked away I feel this side of the market will start to really show its hand. For me personally that is the single biggest risk. Time will tell if Mr market agrees with my point of view.
Not to mention he fails to disclose these reports were made when...
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Last
$3.20 |
Change
0.150(4.92%) |
Mkt cap ! $550.6M | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.24 | $3.07 | $2.252M | 709.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $3.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 8858 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$3.18 |
Change
0.150 ( 4.20 %) |
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| Open | High | Low | Volume | ||
| $3.06 | $3.23 | $3.06 | 29465 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| VUL (ASX) Chart |