Indeed, Allkem invested heavily in new projects and they invested all their profit into new projects instead of paying taxes directly, hence the deferred tax liability. Last year in q3 Allkem had about 900 mln in deferred tax liabilities. LTM currently is trading for pennies in the dollar, because of all the assets LTM has.
If the west is serious about lithium as a critical mineral we must make sure the right incentives are in place and fast, otherwise the Chinese will fully control this market.
I think our politicians already figured this out long ago and that there is a playbook, the question is which companies will be profiting from this. I just can't believe that we have incompetent politicians leading us and saying that lithium is a critical mineral, but not reacting on it.
Indeed, Allkem invested heavily in new projects and they...
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Last
$3.44 |
Change
-0.140(3.91%) |
Mkt cap ! $1.202B | |||
| Open | High | Low | Value | Volume |
| $3.51 | $3.55 | $3.43 | $6.818M | 1.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $3.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.46 | 1445 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| LTM (ASX) Chart |