Lithium is not the answer to baseload. That's why coal is still needed for the times the sun don't shine and the wind don't blow. Batteries can't hold enough capacity beyond a couple of hours economically. That's why old tech is still needed. Even hydro runs out of water after a few days to a couple of weeks.
Lithium stocks went down in the past too (2017-2019 PLS $1.00 -> $0.15). Coal jumped multiple bags in the last 12 months (WHC $0.90 -> $4.90, Peabody $1.29 -> $24.53). Have you been hiding in a cave? All commodities go through boom-bust cycles. What's so special about coal or lithium or uranium? I made bags from lithium as well as coal. Is there anything special about making bags off miners? Are you a first timer on the ASX?
The advantages of renewable sources of energy are clear to most people. The only issue is storage. Evangelists like you only look at the cost of generation but leave out the cost of storage. Coal and gas fired plants provide instantaneous energy on demand and does not require storage. How is this being stuck in the past? Who is being a zealot? Just because you made money off lithium?
I bought tons of AGL at a good price and welcome all investors, be it wise, foolish or lucky to help push up the price.
AGL Price at posting:
$8.35 Sentiment: Buy Disclosure: Held
(20min delay)