What I think it's interesting is the disconnect between Australia and US.
We've seen pretty significant declines, whereas the US appears more resilient.
I sold out a couple of weeks ago because I needed the capital for something else and look to have dodged a bullet, but I'm watching intently.
I'm not going to try and pick the lows, but agree with many here that the valuation doesn't make sense, especially with the movements in the AUD/USD.
This could all turn around pretty quickly with sentiment change in the US and next year's election.
Assuming Trump loses.
Australian recession shouldn't play a big part in our share price, we have a fossil fuel loving government for the next 3 years, we are a small market, and EV adoption is slow.
As much as we are ready to ramp up production, so are others.
Being able to pick up A40 on the cheap would be an amazing outcome as we could ramp and optimise that pretty quickly when things turn around, and for incredibly limited outlay compared to getting JB producing.
SDV seems like a case of hurry and wait. Hurry up and figure out the process, but that's more for people to be able to put a proper valuation against it.
Anyways, we are down about 20% in the last month or so, PLS are down about 44% and Albemarle are up about 17%, but were up about 27% 3 trading days ago.
GXY Price at posting:
99.0¢ Sentiment: None Disclosure: Not Held
