I think things can turn around quickly for this company given one major announcement of capital investment.
The government clearly wants to build domestic manufacturing capacity for battery materials and while VSPC isn’t an established player (yet) still has a hell of a lead over other participants and barriers to entry are high. Hopefully they bring on a partner or get additional government support (state level maybe?).
The customers signed on for battery recycling is only growing which is great, and while revenues aren’t massive they are growing. It’s well known you need to establish a customer base before you can start diversifying your product offering and generating massive revenue.
Moreover, Trumps inflationary pressures might lead to a swing in commodity prices which could bring the index up itself.
Also, Simon and Phillip Thick each buying ~6m+ in shares is only a good sign, you wouldn’t throw that money into a business if it’s short term prospects were that poor.
LIT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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