Banter and general comments, page-27578

Where next for Core Lithium shares?

Core Lithium has caught the attention of short sellers in 2023, with Citi analysts arguing that the shares are only worth AU$0.75 based on a price comparison to its net asset value, which is higher than peers.

Meanwhile, Macquarie maintains an ‘overweight’ rating on the ASX lithium stock alongside an AU$1.30 price target.

The company is now producing and in an expansionary phase.

If lithium continues to recover, a recovery to Macquarie’s price point, and even beyond to new highs, seems potentially feasible.

But early stage mining is not risk-free.



https://www.ig.com/en-ch/news-and-trade-ideas/can-core-lithium-shares-recover-to-all-time-highs--230615




https://www.reuters.com/markets/commodities/chinas-lithium-hub-mining-boom-comes-cost-2023-06-15/