@Sprhd456 I can't imagine a timeline where the company is bringing in revenue/profit and Kokoro is still here talking about lack of fundamentals. If you think that would happen, then you probably don't understand what Kokoro has been saying this entire time! If the stock takes off due to revenues and a clear path to profitability (and not just pure hype) then I bet Kokoro won't have a problem with it anymore, because cashflow, revenue and profit are Kokoro's fundamentals. If/when those things come, Kokoro probably won't post here anymore, simple as that. If I'm wrong I'm happy to be called out in the future!
I actually think some people willfully ignore everything Kokoro says, to a fault. Just because it's Kokoro. Nobody has to agree to agree with all of it, I don't agree with all of it, but if you can put ego aside and take it at face-value then you'll see they are often just ruthlessly logical. And in some ways I think the disagreements are entirely semantics over the meaning people assign to the word 'fundamentals'. After all this time I think some of you still don't actually understand each-others arguments, might be why the same arguments keep being repeated over and over again.
An example: There is objective cashflow risk. The company is spending money, and not receiving revenue, this cant be denied. Revenue was expected sooner, but there has been production delays. At some point it has to go right, and that really needs to happen in the next couple of years. Doubt anybody would disagree? Well, as Kokoro has made very clear, thisis what they mean by fundamentals. Cashflow, Revenue, Profit. When they say there's no fundamentals, THIS is what they're talking about. And they have a point. For simplicity ill call these Business Fundamentals.
For other people, cashflow/revenue/profit isn't what comes to mind when they think "fundamentals", that stuff is just inevitable assuming the real fundamentals are good. To them, the real fundamentals are more abstract, big picture things, like greenification of energy, the EV boom, import tarrifs for chinese graphite, US graphite supply/demand, government support (IRA, DoD grants), tangential industry investment. Things that pave the way for the company to exist in this niche in the first place. The people talking about these things have a point as well! For simplicity ill call them Industry Fundamentals.
So when Kokoro says no fundamentals, they're talking about Business Fundamentals. Problem is people think Kokoro is effectively denying the Industry Fundamentals. Then somebody says something like "How can Kokoro not see the obvious fundamentals" and the argument continues in an infinite circle. I've never seen them deny the Industry Fundamentals, in fact they call them out quite often to say they're notfundamentals. It makes sense for them to say this if you've been paying attention. They just think the Industry Fundamentals carry little weight compared to the Business Fundamentals.
So it's really just a matter of what you think is more important, business fundamentals or industry fundamentals? What if it doesn't matter what you think, what if we just look at what the market might think? Well despite the Industry Fundamentals looking good, and if anything improving over time, the Market Cap has done down. The Business Fundamentals on the other hand are questionable. I know Lord Bell and others have given supporting reasons for why no Cash Flow is OK, and so on, maybe that makes it less bad but it doesn't make it good... apparently not in the eyes of the market. Kokoro's point, since the beginning of time, is that the market mostly cares about the Business Fundamentals. You don't even need Kokoro anymore, you can look at the charts and see it for yourself! For this window of time, they have been most correct and anyone who sticks their head in the sand and ignores that truth is a fool. *cough* arfbarf
Most investors here are probably investing based on the Industry Fundamentals, which means you're the ones who have the potential to profit if/when Business Fundamentals catch up, but you also have more risk because nothing is ever guaranteed. Some like Kokoro will "believe it when they see it", reduce their potential profit, but also reduce their potential loss, which judging by the SP, is exactly how the big-time investors look at it as well! Simply put what is your appetite for risk? Both choices are valid. I've lost track of where I'm going with this and I'm cutting myself off. In summary, quit the silly conspiracy trash talk and use your noggin.
Obviously there's a lot of nuance I'm skipping over, but this is how I see it in a nutshell.
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