Good News & Bad News, page-36160

It seems to me that everybody is panicking: lets just consider the fundamentals for a moment.
Oversupply: I don't think so, my view, Chinese, running down expensive stockpiles of Li.
Price falling so no need to re-stock yet, cheaper next week/month.
Weak Demand for EVs: to a point, higher interest rates and withdrawal of subsidies in some markets, taking the gloss-off sales.
Weak Li Price: Endangers many would be miners & explorers, projects postponed cancelled.
Future Supply Side: Constricted a few years out.
Result: Higher Spod. prices.

In considering the implications for PLS: None.
Strong Balance sheet.
$3B cash, that should be generating around $150m. in interest.
That will keep the costs down.
MC $10.645B.
$3.339B cash (From Padley's Stock Box)
PE 4.7
Profit margin 59%
To take this to absurdity:
The SP cannot collapse much further as next year cash could be closer to (say) $5B
You can buy the company with its own money.
I've said it before, with 20% short this is very dangerous territory.
Private Equity, Hedge Funds, etc. are running the numbers, that's massive up-side short covering pressure.