CXO - Chart Thread, page-5028

whats also interesting is PLS price action, that quarterly boosted share price over 15 - 20%, thats a full CXO of value uplift in PLS

What the market realises is producers are raking it in... as much as naysayers will say LCE is over priced, the simple reality is if you are selling this year and next, then you are minting cash... and I mean MINTING! margins are selling 6k, producing at 400 = 15x margin. Its massive and unparralled in the commodities space, the nearest we get to these margins are in software and those companies used to trade with P/E's of high 20's!

Yes supply will catch-up in 2025 and yea prices will retreat, but until then producers will kill it. (Also junior explores sub 150m)

In alot of ways, we have Goldman Sachs to thank for this. I distinctly recall GS calling out Lithium stocks as over-priced back in 2018.. They smashed PLS down to 70c (i think, or maybe that was my avg, cant recall), Galaxy down, and regrettably Bankrupted A40 (which PLS bought)... They also stopped investment into this space and here we are 5 year later wondering why supply cant keep up...

As always the investment banks are market commentators, not predictors. They also bring with them a bunch of nitwits HC posters who are herd followers and think their uneducated posts can make a difference..