ASX Today, page-19139

When I see people panicking like this, it is a sign we may be nearing the bottom. Sorry you sold out at 10c and bought back in at $1.64 but seriously, you need to get a grip of your emotions or commit less money imo. Sorry if that is brutal.
This is the sort of emotion I expect over on the AVZ threads, but not here.

Remind yourself why you bought back in at $1.64, see your previous postive post below. Why did sophs buy $450m worth at $1.65?

The market lives off volatility. There's nothing changed with LTR. Lithium price up. Whole market down. Even Energy got sold off last night, so the sell is broad based now.

All that matters here is project execution on time and what is the lithium price in 2 years. Even some cost blow out is not phasing me, given I expect lithium prices to remain high well beyond this decade. BHP worrying about what the price will be in 20 -30 years was laughable from our perspective, as we only have 2 years until production.

From DFS LOM SC6 revenue from 511ktpa @ US$1392/tonne (0.73 exchange rate) was $26.7bil. Plug in current contract (not spot) pricing which is now upwards of US$4k/tonne and adjust for current exchange rate 0.69 and we are looking at LOM revenue of $81bil.
Annualised earning per share after tax won't be far below current share price IMO.
And all this without even considering the hydroxide opportunity.
Relax and ride it out. If we go down, everything will be stuffed anyway imo.


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