Pls shorted, page-9

A Board Director on a another Stock I own maintains that for a long term quality company, the shorters are your friend because they let you buy below reasonable value and they have to buy it back at some point. That said that only works of the short-sellers are wrong and/or don't have some sneaky manipulative trick to pull to save themselves.
I feel like they are expecting the lower lithium pricing expectation to come to bear. That may happen in the shorter term but as the incoming RBA Governor pointed out today the long-term need for lithium and other precious minerals for renewable generation and storage is expected to grow dramatically in the coming decade.
Added to that, Pillbara is not just mining Lithium for further extraction elsewhere, but they are building value add into their mine process. The value add will mean higher shipping concentrations in the long term and better extraction efficiency in the medium term. This is all happening while the company is generating a lot of cash. That cash is able to be shared between owners and future development without the need for debt.
Really a great place to be in with high interest rates and some consolidation of the industry happening.