Well, thank goodness the elevator had an emergency stop button! What a ride - my stomach is still on the 20th floor. For any medium to long term holders the postponement of the listing in Honkers won't mean a thing. I disagree with the valuation of Morramicks on one point - the PE ration of 10%. Do you think in 12-24 months time when there are actually EV's on the roads and in the showrooms and the lay ppl start looking at EV's that the PE ratio of any lithium producer will be at 10? All the excitement will mean a PE of 15 - 20 IMO. As long as they can produce the 17k tonnes of carbonate - this is very cheap today even after going up 11%.
DYOR I am a professional guesser.
GXY Price at posting:
38.8¢ Sentiment: LT Buy Disclosure: Held
