JCap targets Vulcan Energy, page-10

J Capital do produce some good stuff in their reports if you’re happy to rationally look past the fact they are a short seller. It’s not that different to a party who is being paid to promote a stock (and/or receiving shares) and thus puts a positive spin on anything. They’re simply doing the opposite - looking to profit from the SP sinking rather than increasing.

Anyway, JCap’s last two ASX reports on WTC and NEA moved the needle down in the short term, but in the long run it didn’t make an impact. The same may be true here (I suspect so, such is the love for lithium right now).

Personally I think a report like this is a good opportunity for you to sit down and use it to test your investment case. Someone else has done a heap of work (including detailed interviews and company comparisons!) and they’re now sharing it for free with you - why not see if there’s something to learn in it? Too often people panic and just try to play the man instead of engaging with the information.

As an interested observer, it is amazing to see the market cap this company has got to at this stage of its life cycle (huge congrats to all who hold, nice pick). Not surprising someone is taking a close look to make sure all the numbers stack up. It will be interesting to see how the company eventually responds.

Cheers,
m