Yes LTR insanely undervalued
Pls vs Ltr $7.7 billion mcap gap, ie Ltr upside
Ltr will be neck and neck re dollar profits, pls may have more volume but its product is inferior hence dollar profit wise likely very close with each other going forward. Either Ltr rises significantly by 2 baggers from here to $5 or PLs drops huge, and even if pls drops 33% to $2.50, comparatively Ltr still has 100% upside to around $7.5b mark
Remember when a numbers of stocks were hyped and Ltr comparatively was insanely low, eg cxo sp was $1.20 vs Ltr’s $1.00? It eventually corrected itself- value is what you get, price is what you pay. Now PLS will be Ltr’s closest peer and we see a similar huge gap in valuation now
Some investment banks have succeeded in spreading fud imo as they did in Feb 2022- but nothing in ev sales have changed 2023 forecast wise vs actual. Iron ore and lithium price may be similar in unpredictability (taking into apparent account manipulation), but very different in that it takes 7 years to develop a lithium mine. (Ltr took 6 years from first drill in 2018, and that in a no major delay or drama, not even covid was able to frustrate the ltr plans.
Azs $2.8b project basis, plus $1b to build a plant =$3.8 billion now, no mre, no dfs, at least 5 years away from production imo
When Ltr looked undervalued, it eventually corrected
Imo patience will be rewarded here.
Now consider selling some when the price corrects itself because the investment banks will certainly keep spreading fud rinsing snd repeating imo, when one got use to saying something like a parrot, you can predict what he does with no rocket science required, a drama queen will always be drama queen, the parrot will say and recycle its limited vocabulary
that’s how hedge funds and investment banks make money, if there’s no volatility they don’t make money, not to mention they’ve have to make up for their losses betting on their shorts
These have turned the asx into a casino
retail’s best hope is to find the likes of Ltr at 2c and sell some at $3 or $4, build a house, buy a vineyard, a boat or globetrot or retire and keep the rest.
A salute to the holders who have held strong (or even sold a few) in the roller coaster ride. Should be happy to see almost everyone's still breathing since 2 cents 5 years ago. You’ve held for 5 years, what’s another 5 months or 12, It won’t hurt I guess and it won’t be $1.50 in 5 months imo
all imo not financial advice
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