LRS General Discussion, page-17118

Agree on the shorting comments - next to no shorting going on with LRS - most positions end up closed quite quickly. Anyone can verify this by tracking daily short totals versus running aggregate short totals. Aggregate shorts currently at 0.33%

I don’t think too many would say our $550m cap is frothy, so very difficult to make a short case just now.

The major short positions on Li stocks over the years were taken when valuations became silly - I.e. CXO and SYA north of $2bn whilst still under construction and both had/have awful economics.

LTR short position makes sense - they’re still not funded and have an enormous ramp up risk they are about to tackle.

PLS short position is because it’s the easiest way to bet against spodumene prices and the valuation is also ‘healthy’ with many questioning how ~$12bn can be supported at current SC6 pricing.