What you're all seeing is a con, to create panic sell.
SP at 18.5c = MC $398m -$75m (cash in bank) = $323m (including $185m gov loan).
SP at 17c = MC $365m - $75m (cash in bank) = $290m (including $185m gov loan).
Why would the Australian government give a mining company worth around $300m a $185m loan from its $2B ( around 9%) critical mineral fund? It's a no brainer. High oil and gov mandates only make the transition to EVs and renewable faster, needing more resources sooner. Banks including GS have been net buyers of lithium and battery stocks in March, April and May. . Their managed funds in renewable have increased, they want your shares cheap. Smart money Buy.
What you're all seeing is a con, to create panic sell.SP at...
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