I found this article comical and reminiscent of the stupidity...

I found this article comical and reminiscent of the stupidity often found in this forum and had to share, I wonder if Jonny Boy is lurking in these walls :D

Extract:

Overlooking depth of supply change

But, ASX bulls don’t seem to care.

Or, what I suspect to be more likely, they don’t realise just how quite poorly lithium price forecasts reflect any chance of a nearish-term return to former prominence for Pilbara Minerals.

All the right factors are there to support the view Pilbara Minerals is up on hype today and not an actual value proposition.

Consider the following:

• Pilbara Minerals listed in February 2019 at 64 cents
• In October 2022, it hit an all-time high of just over $5.40 per share
• The shares are worth $3.46 today (1 pm AEDT)
• The last time they were above $4.00 was October 2023
• Pilbara Minerals’ one-year returns are down 31.5 per cent
• YTD 2024 performance has seen the stock shed 11.9 per cent
• Lithium prices are down 80 per cent year on year

Pilbara Minerals revenue sinks, dividend cut – and yet, its shares are up | The Market Herald