Has anyone got anything recent from Macquarie on Pilbara? The latest I can find is from March when they had a $1.30 target. Macquarie’s view is important given they’re the ones assisting with the partial sale.
They made a more general statement in July about lithium that sounds very bearish. https://www.google.com.au/amp/s/au.finance.yahoo.com/amphtml/news/buy-lithium-miners-galaxy-orocobre-024850724.html
Basically - EV sales growth slowing, energy storage slowing, take up of hydroxide type batteries below expectations. Bad news for rock miners.
Ann: Financial Report for 30 June 2019, page-311
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