Definitely not buying back in at these levels
@HeliosUKI'm conflicted. Have been the whole time. While I've done well from other lithium and battery companies, I haven't bought them when they were already 1b valuation and a dodgy PFs with unproven tech at scale. Have missed out on gains from the bubble that is happening. An investment based on what free cash flow can be obtained is out the window.. This is a good rise and people are valuing each other based on other companies valuations which are very overbought. Look at Tesla for example, people are still buying with a pe of nearly 400. So maybe I'm a bad investor lol.
One of Im3s stand out contracts is a tuk tuk company in India. Is it best to invest in companies that others want to buy, rather than what money the company will make? Maybe. MNS is a proven example of this.
what's going to happen if in a week the company says the factory is 45% complete given we are already in the 2nd week of November and semi production is meant to be by the end of the year?
Not convinced on the batteries they will produce given MUCH better batteries as prototypes were displayed at conferences years ago and never seen again.
The graphite project is a sh*t show. Though they won't tell you that. And certainly haven't disclosed to shareholders the terms if the MDA since 2017 when there was new legislation.
No info on raw materials contracts or how much they will spend. Or what the battery can sell for. Given they have the contracts, the numbers for revenue. But no operating costs. There is so many things I'd need to see before investing. But people will continue to buy and probably should have bought more rather than sold in hindsight as I knew this could happen.
I congratulate holders. But this rise is based on speculation and bubble prices. It is based on no news..
good luck mate hope you do well!
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