We are going to need a lot of patience - indeed. Re Vippy no...

We are going to need a lot of patience - indeed. Re Vippy no posts. Yep I was thinking the same this morning too!

Positive thoughts, I often look at the current EV vehicles (& everything else Li) in use right now & know that in 10-20 years time, every single battery in those items will eventually fail & have to be replaced. On top of this is the uptake of new buyers, so use of EV's & Li batteries will increase thus demand. & I'm sure I read somewhere that Li is not that efficiently recyclable? (someone help me out there). It's costly & not environmentally friendly? I think. This should all help demand.

The EV cars purchased 5 years ago, plus the increase in demand over the next 5 years, should see Li prices go up. For now LRS has turned into a medium-long game. For example, MIN res reserves have increased 107% & sit on a 200mt of good quality grade as announced today. So maybe G Sachs are right & were not kidding re oversupply. Seems that's what's happening right now!

My hope is that by Christmas to see a swing back around again & that demand improves. Hard to accept this current Macro Situation.

Until all the macro & inflation settles down, we maybe stuck around 30 cents post PEA. Frustratingly LRS seem's to be 12-24 months too late. If LRS announced what it has 2 yrs earlier. I'd be retired.

September is the worst month in general re the ASX, so hopefully the PEA plus some extra mt finds, & updates will create a solid share price floor.

Good luck to all. Happy Monday!