Seems results are to far away to matter to investors ATM. Simply Wall Street has analysts estimate for profits as below.
Year ended 30/6/20 loss 34.1 mill
Year ended 30/6/21 profit 43.1 mill
Year ended 30/6/22 profit 53.5 mill
Obviously no thought given to how close we are to Offtake and Financing and that we are likely to add significant tonnage to the existing resource.
Also no thought given that Stationary storage likely to outstrip EV demand for Lithium.
Market probably figures while sentiment is down plenty of time to get in.
BGS has been in a trading range for some time now just like the US Lithium ETF code LIT. Just waiting the move up catalyst. Just a matter of time.
I guess just have to pick up a few near lows from time to time. May see some controlled dumping by Hartleys for a while yet.
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