These guys are battery recyclers right ? So, Q1FY25 numbers I would strongly doubt, reflect actual CoS, rather the charge to the OEM for collection less LITs' own cost to collect and transport. Looks nice on paper but only part of the story and, I would argue, thrown out there to continue the smoke and mirrors (look at the punters on this forum again, more excited than a baby with a bottle!). There are BIG costs associated with large format LIB recycling - upwards USD3,000 tonne - and this reported lot of some 300 tonnes needs either re-purpose (sold to work again) or (a) Pack Dismantling (maybe 20% of cost), Pre-treatment and then Refining. All with associated risks. No to say they're on the wrong track, just that the picture being painted is not as glossy as it seems. As mentioned before this is a high volume game for any real gain(s). Having said all that, there's the little matter of "available funding" circa 3.4 quarters.................
LIT Price at posting:
2.2¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)