At some point individual lithium companies have to disconnect from the trend surely! ALTM/LTM is trading at ridiculous levels at these prices.
See slide 16 here: https://ir.sigmalithiumresources.com/wp-content/uploads/2024/06/June-2024-Corporate-Presentation.pdf
We are now down over 30% from this June slide and this slide just illustrates how undervalued this company was in June with 3x expected LCE production increases in the next 2 years (equating LTM production at that point to SQM or ALB in this slide).
This is now a 3.5B USD market cap. Consider just 150kt or even just 100kt LCE production with a margin of just 5k/t which they clear even with prices around 10k/t. The share price is ridiculous.
The market is not looking forward with lithium at all it seems even with the current lithium prices. It's also lumping every single company in together (actually LTM and ALB are far more volatile but always in the same direction). At some point this has to change.
General Discussion, page-1763
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Last
$3.95 |
Change
0.000(0.00%) |
Mkt cap ! $1.399B | |||
| Open | High | Low | Value | Volume |
| $3.99 | $4.01 | $3.91 | $6.639M | 1.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5671 | $3.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.97 | 751 | 1 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| LTM (ASX) Chart |