Perhaps market sentiment will continue y'days a'noon uptick!

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MarkHGO

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16/02/23

08:45

Post #: 66277802
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Originally posted by Crumble71: ↑

I find I am more confused reading that than I was before?
"Management at both businesses have clashed with short seller J Capital in the past over claims the businesses are over egging their chances of securing financing and operational success using DLE.
The steep declines are on the back of valuation concerns, easing lithium prices and mixed operating updates.Both Vulcan Energy and Lake Resources rely on the development and application of direct lithium extraction (DLE) technologies to meet their ambitious production forecasts.The value proposition from DLE technologies is large on paper, but the technology has not yet proved it can work at scale
It is the fourth time that the project’s cost has blown out in three years as the resources industry battles labour shortages, associated wage inflation, and rising costs."
So this is all pointing to less supply.

"Morgan Stanley’s forecasters said it expects total lithium carbonate supply to increase from 684,000 tonnes in 2022 to 968,000 tonnes in 2023 and 1.24 million tonnes in 2024."
But magically output is going to increase despite dodgy DLE tech, staff shortages, operational success, lower ROCE and cost blowouts and if the share prices collapsed then more dilution or less from CR's?

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Perhaps market sentiment will continue y'days a'noon uptick!

AGY Price at posting: 71.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.7¢	$224.4K	5.906M

Buyers (Bids)

No.	Vol.	Price($)
1	16815	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	616210	2

View Market Depth

No.	Vol.	Price($)
1	16815	0.038
12	2446046	0.037
33	2585574	0.036
16	1985879	0.035
9	1297596	0.034

Price($)	Vol.	No.
0.039	616210	2
0.040	790825	5
0.041	401512	4
0.042	367666	4
0.043	356159	4

Last trade - 16.10pm 05/11/2024 (20 minute delay)

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Perhaps market sentiment will continue y'days a'noon uptick!

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Perhaps market sentiment will continue y'days a'noon uptick!

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