The problem with LTM is that fair value is probably around $3-3.50 with the price of lithium currently where it is if you want to use a realistic multiple for a resource stock and not some fanciful multiple. So at the current price, the stock has factored in the next cycle, whenever that may be. The next cycle won't see carbonate go beyond US$20k/t given that there's a lot of supply sitting on the sidelines waiting to come online as soon as the price swings. So the next rise in price will be very short lived.
General Discussion, page-1928
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Last
$4.47 |
Change
-0.390(8.02%) |
Mkt cap ! $1.655B | |||
| Open | High | Low | Value | Volume |
| $4.61 | $4.64 | $4.47 | $9.597M | 2.115M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3204 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.50 | 1842 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LTM (ASX) Chart |