ASX Today, page-44043

Yes I am invested (heavily) and want it to do well, but I know it will take time to recover and I'm ok to hold until it does. I'm just not making up excuses like most here as to why the price has dropped. Fact is that LTR are losing money every day they operate this mine with today's lithium price.. The demand just isn't there and not likely not to be there for another 24 months or so. Don't blame the shorters and call them out for price manipulation. It is far from it. As I have mentioned previously, the shorters have run their thesis on the supply/demand curve, backed themselves and shorted it to make money just like most others here try to make money going long. And they have proven themselves to be 100% correct.

Unfortunately, the EV revolution has not taken off like most expected, in China yes but no where else.
The information is not hidden. It's in black and white. Ford and GM cutting EV production, Toyota, Nissan and others investing heavily in Hybrid engines and Mercedes continuing to invest heavily ($22 billion) in ICE engines. Think about that... $22 billion in ICE engines. Not investing that amount on EV architecture but ICE engines!!!!!

https://www.forbes.com/sites/peterl...ota-chairman-downplays-ev-growth-predictions/

https://www.carsales.com.au/editori...lion-to-keep-combustion-engines-alive-146594/

https://www.forbes.com/sites/gaurav...and-gm-in-cutting-2030-ev-production-targets/

https://premium.goauto.com.au/gm-to-boost-ice-production/

https://techxplore.com/news/2024-04-ford-delay-production-electric-pickup.html

https://invezz.com/news/2024/09/09/mullen-canoo-and-faraday-future-next-fisker-and-lordstown/