Piedmont #Lithium
current operations pictured below: It tells a tale of how nascent the #lithium industry is, amidst the hype of Tesla's battery day, until now. And most importantly, doing your own independent research.
Because everyone's out to make a buck. Simple.
https://x.com/mineralsmindset/status/1832056183609499663
....there are those who are waiting to buy more
....there are those who continue to hold them to dear life
....they won't want to take a hit, because there is a "future for EV and Lithium"
....yes, there will be a future for EVs and Lithium, but there may not be a future for high lithium stock valuations. Understand that they are not the same. Ramsay Health and A2M are still making good profits, they aren't dead but 8 years and 4 years on respectively, they have not been able to reclaim their peak valuations.
e.g if PLS long term NPAT run rally settles at $200mil, @ a revised PE multiple reduced to 15x, that gives a valuation of just $3Bil or $1/share! And if NPAT @ $400mil @15x, that is $6B or $2/share!
....lithium stocks could still receive a further -30pc haircut before bottoming and staying sideways for several years.
....If you wish to wait.....
Piedmont #Lithium current operations pictured below: It tells a...
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