Banter and general comments, page-11604

Investors need to calm down and think rationally. Blood bath, falling knife, blood on the street, market crash etc. Its a little bit too dramatic.
How many screamed panic below 90c?
Was it so terrible from 40c to 30c (25% drop) when ganfang signed? Or from $1.5 to $1 (33% drop). You were all jumping for joy about $2. The company will start producing in six months, a product rising in price. Have you forgotten about the tenements with pegmatites the company just acquired, Tesla contract or gov commission for a chemical converter? Hedge funds with short sellers and a handful of borrowed shares are scaring people senseless, the reality doesn't change. When SP fall is an opportunity to buy cheaper. Unless you like walking for the next few decades, EVs are the only option as ICEs will be banned.
No other metals can replace lithium because it's the 3rd lightest element and has the highest electrical properties. The other two elements are gases (Hydrogen and helium). Hydrogen on its own is more explosive than jet fuel. For every three Tesla there are over 450 ford ICEs fires in America alone. The world is not going to end, higher interest rates means mores savings, not everyone has a mortgage nor financially stretched.
current contract price is $5000/t less cost = $4500/t x 170000 t in 12 months= $765m or around PE 3. SP will go back up.