Pretty hard to say. They claimed they achieved a $0.5m net profit for envirostream two quarters ago, but last quarter they didn't say anything about net profits. But for the last two quarters they've claimed to have gross profits with healthy margins for envirostream. So maybe they're close to breakeven for recycling? But the cathode and chemical businesses are pure money sinks currently. I'm hoping that recycling keeps growing quickly. Household storage and EVs both grew exponentially within 5 years of introduction to Australia, and I think it's been almost 10 years since the first household batteries were installed here, so there could be a lot that are getting close to end of life. I took a small punt on LIT about 6 weeks ago. Will be an interesting ride
LIT Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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