What is concerning, imo, is that it wasn’t just a simple transcription or calculation error - if the apparent stuff up that I explained is indeed what happened, then they compared apples and oranges to derive a “stockpiled consumption” BUT did not apply a basic evaluation to this outcome i.e. they didn’t ask themselves “does this make sense; +2 years of stockpiles?”. This is concerning to me as it illustrates a lack of broader understanding of the Li industry and a lack of awareness of other commentary and assessment e.g. I’m sure most of us here recall hearing, from several sources, comments regarding “several months” of stockpiles being typical, and these expanding by several months as the “oversupply” took shape.
I assume more than one person wrote/compiled that govt report, yet it seems no-one applied a basic “common sense” test to at least one key conclusion/finding.
In my experience and imo, this is extremely disappointing, as it now means the rest of it requires very careful scrutiny and thorough “fact checking” if any reliance is to be placed on the content.
That’s not to say that it isn’t useful at all; just serves as a warning (and good reminder) to always DYOR across multiple sources, and highlights the importance of building your own puzzle accordingly and being able to spot red flags like this when they appear.
GXY Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
