When you’re picking stocks at the bottom of the cycle you need to make sure the balance sheet is in good shape, otherwise an emergency capital raising can blow-up a stock price quite materially and even permanently.”
Shares in retail investor favourites Lake Resources, Sayona Mining, Vulcan Energy, and Green Technology Metals are down 70-90 per cent over the past year as rising funding costs and softer-than-expected demand for electric vehicles challenge the viability of their projects.
Is the bottom in?, page-765
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