LRS General Discussion, page-16369

Pop the champagne all, I am out.. Paid off my house but left a lot on the table in SMSF being greedy and not taking profits. Wish all luck but too hot for me to hold. There is a lot of Li on the planet, it is everywhere and better deposits exist that aren't so think and deep - eg AZS. I think they will have issues financing construction, may need to sell some of the project to offtake or the like.

In my view EV's are going to come off the boil, high costs, high repair costs, insurance will be a 2024 story, fire risks, low range, harmful to environment when batteries die. Demands on the energy grid causing blackouts another issue.

If spod prices recover LRS is a good story and there could still be some takeover interest in them, also may benefit from eventually releasing some of this news which is lined up assuming Spod remains steady! Of course if MET dissapoint and FOGs/Planalto likewise and offtake is poor in this market look out.