Bullboard - Stock Discussion Forum Lithium Americas Argentina Ord Shs T.LAAC

Alternate Symbol(s): LAAC

Metals & Mining Industrial Metals & Minerals

Lithium Americas (Argentina) Corp. is a producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co, Ltd., is ramping up production of the Cauchari-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region. The Company owns a 44.8% interest in the... see more

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TSX:LAAC - Post Discussion

Lithium Americas Argentina Ord Shs > Hang In There

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Post by retiredcf on Sep 19, 2024 11:29am

Hang In There

I'm embarrassed to admit that I am down 50% or more with these 4 companies: CRE, FL, LAAC and LAC. Are there any with good rebound potential that are worth holding onto? Can you provide a short reason why for each.

CRE: sell. Too small, negative momentum. It has some cash but the sector has struggled and there is not enough here to take the risk. FL: largely the same reason. One needs to decide on sector exposure and if so we would prefer larger companies. LAAC hold. debt and negative cash flow make it risky, but production is set to ramp up and it should be profitable next year. LAC hold. $400M cash and worth holding if one wants sector exposure. It has been beaten up badly but in a sector rally should do better. (5iResearch)

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