I suppose it's of no surprise that punters see no value in our in-ground resource because they're only looking for stocks that offer the prospect of a quick profit, but the fact that large companies with an interest in lithium also seem to see no value in Adina is very telling. It's like they've all accepted the premise that China has cornered the market on batteries and EVs and that the lithium price is doomed to stay low forever. Of course the picture looked very similar five years ago, but it did start to change soon after.
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