Thank you for your kind response wednesdayschild.
So, for the inexperienced, from you too a case of ‘Buyer Beware’.
That seems to be the case for most stocks in this sector right now.
It’s a shame some of @slick’s posts were moderated - not just for the wisdom that was wiped but because it clearly shows there are ‘forces’ here invested in keeping the more naive in the dark.
Is it working?
Macquarie noted that the growth in share price since April was a "surprise".
Despite its solid production and 64% recovery at Kathleen Valley in 3QFY25, the miner consumed more cash, ending with ~A$170m by the end of March. Liquidity management remains a near-term focus as we anticipate lithium prices could remain subdued for the rest of CY25.
Essentially, even though the company had strong production and a recovery at its Kathleen Valley site, managing cash flow is now a short-term priority, especially since lithium prices are expected to stay low through the rest of 2025.
The broker placed a "neutral" rating and price target of $0.65, indicating it is already trading near fair value. [ref 27/05/25]
Cheers
(20min delay)