Shorters take note, page-138

For every winner, there is a loser. That's just how it works. Shorting is fine, as long as it's based on reasonable grounds - its problem lies in the fact that it can be an orchestrated effort to manipulate when there are no reasonable grounds.
With the combination of minister, carbonate price (big furfy imo) and widely publicised press releases downplaying lithium, I can understand the price drop, but it went way too far.
IMO KDR is will be a 1.5-2.5b company depending on lithium price.
Minister is still a SP risk. Macro environment is also a risk, but EV numbers keep exceeding expectations.

Ironically, soon to be enforced Chinese regulations on car companies, mean legacy auto ICE profits will be dependent on those same companies developing a decent EV fleet, otherwise they won't be able to sell ICEs in the world's largest auto market.

Given there is a lead time of about a year from lithium to end stage battery, EV stage 2 is about to begin.

NB ICE/EV price crossover is stage 3 - when the curve goes vertical