Everybody hates lithium, is that a sign?
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- Опубликовано: 11 июл 2024
- For Part 2 visit Money of Mine: • 2 Fundies’ views on Ur...
Over time, I've repeatedly seen that some of the best opportunities come in those parts of the markets where sentiment has hit rock bottom.
Sometimes, that happens to the entire market, like during the GFC, when the highest-quality stocks went on sale. CBA shares for $26.75, anybody?
Another example was when oil traded for negative US$37.63 a barrel in 2020 before going on an almighty recovery to trade and cracked US$100 per barrel.
Right now Lithium and lithium stocks are getting the silent treatment from investors and there are countless indicators of how negative sentiment has become. Take a look at ASX short sale data where Pilbara Minerals (ASX:PLS) is the most shorted stock by some margin with a 21.60% short. Liontown Resources (ASX:LTR) and Core Lithium (ASX:CXO) are also featured on the list of the most shorted stocks.
A review of the 10 most visited commodity pages on Market Index shows that Lithium has fallen from position #1 to #7 over the last two years.
Brokers are also bearish, with headlines like "Don't buy the lithium dip!" hitting the wires.
Even the technical picture looks terrible, with my colleague Carl Capolingua providing the following chart and his lithium outlook assessment.
"For Lithium, there wasn't a great deal of warning of the top outside of the sheer steepness of the decline from the late-2022 peak - but this is a signal in itself. The lithium carbonate price has levelled off, but its price action is akin to a 'bump along the bottom' scenario rather than a 'v-shaped rally'. I suggest the latter option is now off the table."
I recently co-hosted a panel session with the crew from Money of Mine that examined a selection of ASX lithium producers and developers in depth. Apparently, it was the biggest discussion on Lithium they had hosted since last year; perhaps that's a sign in itself.
We were joined by Firetrail's Matthew Fist and Janus Henderson's Darko Kuzmanovic, two mining professionals turned money managers who both share their deep insights into the sector and a selection of stocks.
This is part 1 of a two-part collaboration between Livewire and Money of Mine. To watch part 2, head on over to the Money of Mine RUclips channel, where you'll find a wealth of exceptional content covering all aspects of the mining industry.
Time codes
0:00 - Introduction
5:29 - The value of having a mining background as an investor
7:30 - Stepping back to focus on the big picture
9:41 - What’s next for lithium?
10:32 - Does IGO (ASX:IGO) have an identity crisis?
14:26 - Should Pilbara (ASX:PLS) buy Patriot Lithium (ASX:PAT)
24:46 - The outlook for copper and AIC Mines (ASX:A1M)
Part 2 is up on Money of Mine: ruclips.net/video/aUjqYB7Dop8/видео.htmlfeature=shared
Money of mine is by far the best podcast out there.
It is a cracker for sure
Surpised no one mentioned WR1 and the renard option - potential speed to production. Lit near surface also.
I was thinking that too.
Will be over 100MT
Deposit at surface.
Super low strip ratio.
And a ready built mine to boot!!
I found Howard from RK equity recent disclosure that his top position is in WR1 quietly refreshing. I discovered them using key player methods finding who has built successful mines already and is hungry for more… Chis Evans was one of the names as was Alex Biggs…
@@andrewrance yeah have followed biggsy for a while was a fan of him just very disappointed with how his new play L1M has gone. Have full faith in evans and how he will take Wr1 through to production
Great way to start the Day ... from over the Ditch. Two of my favourite Aussies jumped aboard your show! Hooteroo
When that guy suggested that permitting is great in Canada, it made it impossible to take anything else he said seriously
Very informative. Nice work guys
Thanks mate - glad you got some value from the chat
Pilbara 2025 is a no brainer . Once lithium prices meet equilibrium and the shorts are dead , time to get in
Thanks for watching and safe investing
I think the ticker is PMT not PAT?
Correct
Hooteroo!
Absolutely
If Liontown ramp up without hiccup's surely they will be a M&A priority. Even their massive wind and solar plant would be a boon for image conscious majors. Yeah, I'm holding.
Great vid
Thanks for that.
It is Patriot Battery Metals PMT not Patriot Lithium PAT....
Correct
This is awesome
Cheers - glad you enjoyed it
Why are two comedians in this show?
Trying to keep things entertaining
great insights from the fundies
they guy in the shorts is a total fool who brings down the vibe and intelligence of the discussion
We asked him to put on some pants ... ruclips.net/video/mhOs-ILdMb0/видео.htmlfeature=shared
😂 maybe a gag too
Seriously good stuff with the Canada perspective
@@sm-oh8qf he was smart enough to start Money of Mine.
@@sm-oh8qf Yep Darko had some cracking insights