General Discussion Banter GLN, page-15335

Mondy loves to wind up retailers more than anything else (he's pretty much dedicating his life to it at this point) - which is why he loves promoting the Goldman Sachs view of things.

In this post I called out the GS BS with respect to the "data" they were using to support their conclusions: https://hotcopper.com.au/posts/71381248/single

I don't know that you can say that GS are "right" until they actually provide some proper data or reasoning that doesn't conflict what is happening in the real world.

Just out of interest I thought I would produce an updated chart compared to what Goldman Sachs said would happen to EV sales (note: I have estimated the last week of May and also June based on what we are seeing so far this year so ignore the Q2 24 column if you like):

Assuming that they were suggesting by the use of the red arrow that the trend would continue down (i.e. a reduced volume of growth) then we should be around 350k in growth for Q1 24 and 300k for Q2 24. The reality is that we are looking at growth which is over double what Goldman said would happen. This is why I find it hard to listen/believe/trust what they are saying even though they have been directionally correct with respect to the lithium price. It will be interesting to see what happens from here and whether GS are even close to getting the timing right for the bottom.