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$6.42 arcadium lithium plc

Well said old guy

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silverfox11

62 Posts.

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04/01/24

20:15

Post #: 71731477
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Originally posted by TheOldGuy: ↑

Rodney Hooper and his company have around 250 junior and exploration companies on their radar in the lithium sector.

Due to the high interest rates and the reluctance to invest in this area, especially because of the renewed emergence of short-sell rumors,
he assumes that only 10% of the new projects will make it.

In Australia, funds are being collected to take over such "juniors" with successful drilling operations. A lot of money is said to have already been collected here.

Things will be extremely difficult in the area of DLE companies that are still in development. The high interest rates and the enormous investments that are necessary increase the CAPEX and that at low lithium prices, so that one must or should assume a wave of bankruptcies here.

If spodumene prices fall below US$1,200, this will lead to the demise of businesses and therefore a shortage of the material.
As a result, new businesses would find it virtually impossible to obtain financing.

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Well said old guy

LTM Price at posting: $9.87 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.42		Change 0.140(2.23%)		Mkt cap ! $2.437B

Open	High	Low	Value	Volume
$6.44	$6.45	$6.41	$2.164M	336.6K

Buyers (Bids)

No.	Vol.	Price($)
8	1413	$6.42

Sellers (Offers)

Price($)	Vol.	No.
$6.43	12117	15

View Market Depth

No.	Vol.	Price($)
5	1620	6.410
10	10220	6.400
6	5648	6.390
9	20214	6.380
7	10647	6.370

Price($)	Vol.	No.
6.420	10131	13
6.430	9931	11
6.440	17954	10
6.450	23425	13
6.460	25436	6

Last trade - 10.39am 06/06/2024 (20 minute delay)


Last $6.44			Change 0.140 ( 2.68 %)
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