No doubt, right now there is a lot of uncertainty in the lithium sector, with probably some more pain for some time. There is a lot of moving parts and players in this whole EV transition movement. Too many moving parts for anybody here to be fully all over it. EV,s are great, they are coming, but there are huge teething issues, in the lithium industry, the battery industry, the EV sales and manufacturing industry. Deception, jostling power, greed, uncertainty, confusion, politics, and egos, are only a few influences in that growing space.
But that is always the way in any new innovative industrial change. This change is happening and will continue to happen and IMO we are only watching the beginning of it. LTR is not going away regardless of your views. What you are commenting on is a mere blip in the overall timeline of this revolution:
“The best thing for LTR was to have taken the offer. Instead, AZS holders took the money that was offered to LTR holders.”
Unrealistic and non-aligned comparison. LTR was 12 months out from producing, when lithium pricing seemed fine. The China saga was not yet known. AZS holders were invested in dirt, it was a jointly owned project, with many years to see production. What fool wouldn’t have taken $3.70?
“And regardless of what political party is Elected, both are intent to protect jobs in their ICE sector, and this is going to SLOW the transition to EV, in the West.”
Why are you linking the tariffs to ICE production? The tariffs are not intended to protect the ICE sector, they are intended to thwart China’s attempt at dominating the entire supply chain including the final product - the EV vehicle itself, both for EU and USA tariff intentions. If Trump gets in, his intention is anybody’s guess. He claims he wants to protect American jobs. If EV,s are produced in the USA then he is protecting American jobs. Last time I looked Ford and Tesla were American companies but I’ll focus on Ford right now. Ford has clearly stated recently they fully intend to pursue going all out into EV,s but will still produce ICE,s (for the near future), so your claim of tariffs to protect the ICE sector is misguided and if slightly true in some regard, is still quite simplistic in it’s analytical viewpoint. There is more to play out in the world as they work through combatting China’s unfair practises. Granted, the West has been ridiculously slow at this, but it will one day IMO be more of a level playing field which will result in some stability and confidence in the industries involved.
“But you guys will be chum for the sharks, and this is the ideal situation for shorters to make their money.”
Again, like so many of us LTR holders have advised you shorting slugs, we can only lose our money if we sell. Which I am reasonably sure, most LTR holders, especially those heavily invested for so long, despite being peeved at the fact ASIC and the Oz government appear to have abandoned the mining sector by allowing this maggot infested shorting practise to continue in its current format, have absolutely no intention of selling our awesome LTR shares to you and your mates. So only those who decide to panic and sell will be chum.
Oh, and the last time I watched a nature show on wildlife, which I do love, maggots, leeches, and slugs cannot and should not ever be likened to or be confused with sharks. Completely different species. Don’t even have any ancestral links in the evolutionary chain.
LTR Price at posting:
82.0¢ Sentiment: Buy Disclosure: Held
(20min delay)