LKE
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1.64% 6.0¢ lake resources n.l.

Unlikely.Less production now just brings the deficit forward,...

  1. Mozza01
    3,536 Posts.
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    05/01/24
    10:32
    Post #: 71737789
    Unlikely.
    Less production now just brings the deficit forward, makes it happen sooner and the deficit in 2027/28 even larger…..meaning higher prices - not lower.

    What do you think OPEC do when they want higher prices? They cut production.

    The forecast demand isn’t going anywhere!

    Simple economics really.
    LKE Price at posting: 12.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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