You are 100% correct.
Credit line and absolute negative sentiment is a recipe for disaster .. Again I refer to GLN.
The lithium outlook is not getting any better anytime soon. Huge tariffs from Europe and the US hitting Chinese EV auto makers. Chinese auto makers like BYD are huge drivers for lithium consumption .
Alarm bells now ringing across the ASX for all lithium companies. Heavy dilution, administration and flip flopping to other minerals is going to be the tell tale sign over the next 12 months.
Those left standing may profit well at the end of the decade.
Ann: Quarterly Activities and Cashflow Report, page-85
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