RE:LithiumPay attention to what Pilbara Minerals Management does. I litigated cases on Wall St for 23 years. Seldom did analysts -particularly resource analysts- write articles without a hidden agenda behind their writings. Pilbara is VERY CAREful with it's dollars; and if you take the doubting Thomas language of Goldman and Citi and you compare it to what PM just did, it makes PM look like an idiot.
In DEc 2022. PM reported $2.2 Bill Aussie on hand in cash. They announced an initial div would be paid by Aug 2023. In Feb 2023 the cash pile had grown so large they openly discussed paying a 10 A cent div in March instead of Aug. They paid 11 cents on March 24 and then 2 weeks later announced a $560 mil financiing decision to DOUBLE production to 1,000,000 tons LI per year.
PM conservatively assesses the LI market. IF GS and Citi were even close to being right there is NO WAY PM does those two things. . PM's Chinese investors tried to low ball their bids for produced LI so PM put the LI up for world wide auction which blew the roof off LI prices. PM is NOW selling LI as if it is LI hydroxide by selling at auction less the expected cost of converting LI into LI Hydroxide.
Do the opposite of Wall St's advice, pay attention to details and progressively you will become wealthyer.
Mining companies are swimming in cash and CRE needs to join forces with a cash rich miner and get Rose into production. PM went from start of exploration to full scale production in 4 years> CRE needs to speed up it's efforts to make a deal . There is no reason why PM should be so far ahead of CRE.