LIS 2.70% 19.0¢ li-s energy limited

Sodium batteries have been around longer than Lithium - in fact,...

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  1. 1,158 Posts.
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    Sodium batteries have been around longer than Lithium - in fact, they were sidelined because their energy density isn't as good, and they degrade quicker. There is a place for them for sure, but they are not playing where LIS is wanting to play. I doubt you'll get a sodium battery in a truck or drone, maybe in a scooter - of course, maybe I'm wrong.

    The SP could drift for a while longer - those with short-term time frames that didn't know what they were doing that bought last ann are probably bored and going to spin the wheel elsewhere. And almost everyone is caught above this price, so there could be some loss selling coming towards the end of the fin year.

    Also, the amount of holders that buy without reading the prospectus or previous anns, especially the AGM information, never ceases to amaze me.
    Year two was always going to be a period of plenty of work behind the scenes, in particular, getting the phase 3 production facility up and happening, they are trying to keep the holders informed via the newsletter, but it always was going to be a slower news flow period IMO.

    But, in saying that, anything could happen really - no one knows - they could announce something crazy tomorrow or announce the bare minimum for a while yet.
    I'd suggest that year 3 is very important for LIS - customers will be able to test batteries in products, and hopefully, we'll get some signs and positive news as a result of that - it would be pretty telling if we get to the end of their 3-year plan and the story hasn't developer substantially from where we are now.

    Also, I don't worry or attempt to speculate about short-term movements in the share price.

    Good luck all - DYOR


    https://hotcopper.com.au/data/attachments/5312/5312984-9430d14754061f593a1871eafaf06063.jpg









    Last edited by djkencloud: 30/05/23
 
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