Banter and general comments, page-30551

Having short positions at prices above $1.50 I can understand but at this prices there are still 11.3% active shorts. How do they sleep at night. The downside has to be limited here compared to the upside.

I really hope that good news (we have had our share of bad news recently) comes from left field just to burn these parasites to a crisp. For once I want to see them covering and driving the SP higher.

Even if you consider the Lower production for this coming year at 85k per year. And a lower lithium price of $2600 per tonne with a higher C1 or $1200 AUd. You can still make $227million. Subtract the costs for exploration and BP33 CAPEX and you still end up with money in the bank.

This selling is now getting to the point of being out of whack with the fundamentals of the company. It is downward momentum that is drifting it lower. That will slow down and bottom out shortly and then I think you will see some big investors get back in.

The company just has to execute its business plan. I am sure the rebound will be worth it but I do think some time will be needed. Switch off it and come back in 6 months.