Phoenix Water - PXW - Lithium - 100x, page-1197

How do you know? While they might not be aware of HC, a simple Google search could lead anyone here.

In any case, any listed stock will get sold down with any anticipation of a downgrade in earnings over the next 1-2 years and that is what we are seeing with listed lithium stocks now. Many investors and traders will be quick to exit and chase the next hot sector and come back later. Short sellers also take advantage for short term gain.
However, Gina bought a blocking stake in LTR at more than double the current price, no doubt well aware of the expected surplus next year and the likely impact on the sp of that and her blocking stake. She was thinking long term.
Phoenix has a unique, high grade brine asset, It's a very large, very long term resource and what level the lithium price is at next year is not going to make any difference as they won't be in production until the market goes into a likely deficit again. Any large company looking at doing a deal is not going to be concerned about the lithium price over the next two years. Only the long term price price matters as was made clear with the recent M&A offers and blocking stakes. It's not just about the long term lithium price either. It's very much about security of supply and in this case, local supply has a big advantage with the IRA.