the AFR had an article today from Bloomberg that detailed the retail frenzy in lithium, even an example in South Korea of a company's shares exploding after changing its name and saying it was getting into battery related revenue.
RED FLAG people!
The excerpt above doesn't read so well for Vulcan and probably helps explain the more than halving from last year.
As a bubble fizzles out quality is the only thing that holds up, and in the case of lithium proven and profitable production is quality. Sadly, I don't think Vulcan offers investors either of those things. However, shareholders of VUL can at least be relieved the business is not operating in the Congo.
VUL megathread, page-6201
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Last
$4.46 |
Change
-0.150(3.25%) |
Mkt cap ! $839.3M | |||
| Open | High | Low | Value | Volume |
| $4.61 | $4.62 | $4.45 | $990.1K | 219.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1080 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.48 | 10000 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| VUL (ASX) Chart |