As each project comes on line volumes and sales will increase. We are now in a serious shortage of Li products. This is expected to continue for the foreseeable future.
So as production increases profitability, cash flow and free cash flow increase. Most if not all of this expansion will be self funded, thus no debt. As to downstream expansion Alike will be well positioned once Naraha is fully operational to demonstrate technology and increase profitability.
So right now to me, the company seems to be doing all the right things.
DYOR
AKE Price at posting:
$11.36 Sentiment: Buy Disclosure: Held