Even LTR's chief cult priest's sermon 2 days ago failed to stop...

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    Even LTR's chief cult priest's sermon 2 days ago failed to stop the bleed....

    ...and banging on the same narrative that Chinese EV demand growth is all well so there should be large demand for lithium.

    ...Right, they have had 5 consecutive months of growth with no discerning effect on Spod prices and lithium chemical prices actually fell about the inventory replenishment.

    ...PLS today hit and closed 52 week low, PEx for 2025 & 2026 incredible steep for an unsustainable $7B valuation. The only reason it didn't fall more quickly is because some instos esp super funds still think positively on our lithium sector, failing to read the obvious tea leaves.

    ...Our lithium companies are unlikely to be competitive and geopolitics would make things even harder for them.

    ...LTR valuation is to an extent pegged to PLS, if PLS drops, LTR would follow suit. Because PLS commands a very high valuation premium and so does LTR. Holders on each side are looking at each other, plus many hodlers who hold both.

    ...IMO I don't think PLS is worth more than $3.5B for next year, so we could be looking at $1 and LTR at $1B valuation circa 40c.
 
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