The trend is our friend. All recent data shows increasing battery demand. If trend continues, it’s only a matter of time until demand is reflected in price.
Just the book value of Arcadium is looking tasty at this price.
Imagine the reaction of world markets if one of the largest car makers fails. At some point it is very possible that our share price will really suffer along with the market due to something Arcadium will potentially greatly benefit from. In some sense the recession that people are worrying about might have to happen for such a significant technological transition. More than a few jobs and economies reliant on manufacturing ICE cars. I just try and imagine the pushback going on, by some of the richest industries in the world that have an existential attachment to oil, or believe they do.
Market will shift eventually if trend continues and demand keeps growing. Seems inexorable at this point.
The trend is our friend. All recent data shows increasing...
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Last
$8.08 |
Change
0.030(0.37%) |
Mkt cap ! $2.366B | |||
| Open | High | Low | Value | Volume |
| $8.05 | $8.09 | $8.05 | $7.213M | 893.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $8.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.09 | 12206 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LTM (ASX) Chart |