HOOPZ

#Lithium Total Resources - ASX Bang for your Buck chart update: 1) $INR - Updated MRE for Rhyolite Ridge (30/4). 2) $CXO - Updated MRE for Finniss (11/4). 3) $GLN - Updated MRE for Hombre Muerto West (27/3). 4) $PLL - Updated for sale of ~12% SYA (22/2) 5) $MIN - Updated MRE for Mt Marion (21/2). 6) Removed $AVZ $AZS $LLL and $LPI. Updated M&I and Reserve charts included in the thread below 🧵👇. Note: This chart only includes ASX listed companies. ASX: #A11 $AGY #AM7 $ASN $AZL $CRR #CY5 $DLI $EMH $ENC $EUR #GL1 #GT1 $INF $JLL $LEL $LKE $LPD $LPM $LRS $LTM $LTR $PAM $PLS $PMT $PNN $PUR $VUL $WIN #WR1 $ZNC

@mondyinvest @agroasx A buy with 5 years of losses ahead of it assuming we have 40-60% oversupply over that period like they are forecasting? That doesn't make sense to me.

@_H00PZ_ @agroasx It depends on how individual stocks perform relative to their PT’s, which factor in their bearish outlook. - In July they revised their $LTR 12mo PT down to ‘neutral’ $1.15 w/ stock trading at $0.95 - Given it’s recently been in the low $0.60’s, they could now call it a buy?

Funny how Citi and GS whom were both fairly bearish on lithium outlook now come out with buy ratings across a number of companies #asx

@mondyinvest @agroasx Well... given GS say we will be oversupplied by 40-60% until after 2028 you would expect them to be bearish for some time yet wouldn't you? Maybe 2027 at least???

@agroasx Just a wild stab in the dark, but it might be something to do with said #lithium stocks all being down 30-70% over the past year… Citi & GS ain’t gonna stay bearish forever?

@drauwsy @CarlCapolingua For some reason you are ignoring the big red arrow on the chart which is predicting continued reduced growth. If that's not what it was implying why is it there? It's designed to provoke an emotive response in the reader. Only GS could make the 37% growth rate in 2023 sound bad.

@_H00PZ_ @CarlCapolingua Nowhere in the graph does GS claim sales would grow less than 400K y/y in Q4 2023. They simply reported through Q3 2023 and show no forward demand forecast. I do not understand how or why you are drawing these conclusions.

🚨 Goldman Sachs #Lithium Resource Comparison 🧐 #ASX Li Coverage 🔎: ✅ BUY = $IGO (PT $6.35) ⚖️ NEUTRAL = $LTM (PT $5.60); $LTR (PT $1.15); $CXO (PT $0.08); $MIN (PT $43) $ALB $SQM $LAC $PLS $PMT $INR $PLL #GT1 $VUL

@drauwsy @CarlCapolingua There is a huge difference between being lucky and being right. Especially when you have the size/platform to move markets. In this situation you get to make your own luck. 1st work out how you want to be positioned. 2nd work out how you want to justify it. And it shows.

@drauwsy @CarlCapolingua In the chart they said that sales would GROW less than 400k units in Q423 (and beyond), whereas they grew by almost 800k. This means their forecasted demand from the largest auto market in the world, was out by almost 100%! Wrong by 100% just 4 weeks after they published.

@drauwsy @CarlCapolingua Except the grade scaling between hard rock and brine is not really "indicative" of anything. Other than their poor understanding of the sector. It reminds me of when they tried to suggest that China EV demand was falling off a cliff. Left is their chart, right is what happened:

@_H00PZ_ @CarlCapolingua Yes, And because GS anticipated people might incorrectly draw conclusions they were kind enough to include these quotes at the bottom of the chart: “EV/Resource metric not indicative of project economics” “Grade scaling between hard rock and brine resources indicative only”.

@drauwsy @CarlCapolingua So the reader of the chart is responsible for understanding that while it is a "comparison" chart which compares size, grade and EV/Resource, that half the data on the chart can't be compared to the other half? It is the fault of the reader if it is misunderstood?

@_H00PZ_ @CarlCapolingua That’s why they publish cost curves and more detailed research on specific assets.

@drauwsy @CarlCapolingua Why does that matter? It doesn't change the fact that 1% Lithium Oxide in Hard Rock is not comparable at all to 1,000mg/L Li in Brine. It's a chalk and cheese comparison.

@_H00PZ_ @CarlCapolingua Both axes are scaled from 0.

@CarlCapolingua x.com/_H00PZ_/status…

@CarlCapolingua LOL... They are still equating 1% Lithium Oxide (Li₂O) in Hard Rock with 1,000mg/L Lithium (Li) in Brine. Why do they do this? Because 1% seems to match 1,000mg/L i.e. 1 = 1? It makes absolutely no sense to present the data like this. They have no idea about Lithium.

@yarra44 @ArmCEconomist @BjWeeks79 The above data shows that for the past 4 trading days (for which we have data) the short open interest reduced by ~13m shares. We only have open interest data up until the 9th of September. This is the same data you see on ShortMan.

@yarra44 @ArmCEconomist @BjWeeks79 These numbers are not being added to the short position. The daily shorts report is just showing the volume traded short on that day. Most of that volume is actually covered on the same day which means the net change in short position is usually much less.

Evening Wrap: #ASX200 gains on surging #uranium and #lithium stocks 🚀 🔎 Charts: #NASDAQ & $XJO 📈 🔎 Interesting: $APX $DYL $BOE $BMN $DLX $PDN $PLS $MIN $IGO $VUL $JMS $SYR $PYC $NIC 🔎 Brokers: $NXT $KAR $NEM Click to read 👇 marketindex.com.au/news/evening-w…

The numbers provided are fully diluted enterprise value (EV). It includes shares on issue (SOI), options (listed and unlisted), performance rights and also proposed issues that have not occurred yet (e.g. sometimes proposed issues are subject to shareholder approval which can delay the issue by a few months). EV also includes any cash and debt the company may have and capital raised but yet to hit the accounts. If you are not calculating MC or EV yourself from scratch (i.e. using notification of securities notices, proposed issue notices and statement of CDIs on issue (where appropriate)) then you probably have the wrong information. Basically I have not come across a single website that reports MC both accurately and timely. Most of the time it doesn't make much of a difference but sometimes it makes a huge difference (i.e. some stocks will be diluted 50%, 100% or even 200% once the options and proposed issues are complete). Let me know if you find any errors where you have calculated this figure yourself from scratch (i.e. not from a website). The reason why PMT's MC is reported so low on ASX focused websites is because they are only including the CDIs (Chess Depositary Interests) listed on the ASX and exclude the FPOs listed on the TSX (not to mention all options, warrants, and restricted units on the TSX which are included in the fully diluted MC or EV).

@_H00PZ_ The Market Capitalisations of some of the Lithium companies seems to be way off, e.g. Patriot Battery Minerals & WR1. PMT's Canadian MCap is Cdn$1.56 billion being AU$1,7 billion. The calculation of their MCap reported by the ASX is a mystery. WR1's is AU232 mil, not AU$ 312 mil

#Lithium Total Resources - ASX Bang for your Buck chart update: 1) $INR - Updated MRE for Rhyolite Ridge (30/4). 2) $CXO - Updated MRE for Finniss (11/4). 3) $GLN - Updated MRE for Hombre Muerto West (27/3). 4) $PLL - Updated for sale of ~12% SYA (22/2) 5) $MIN - Updated MRE for Mt Marion (21/2). 6) Removed $AVZ $AZS $LLL and $LPI. Updated M&I and Reserve charts included in the thread below 🧵👇. Note: This chart only includes ASX listed companies. ASX: #A11 $AGY #AM7 $ASN $AZL $CRR #CY5 $DLI $EMH $ENC $EUR #GL1 #GT1 $INF $JLL $LEL $LKE $LPD $LPM $LRS $LTM $LTR $PAM $PLS $PMT $PNN $PUR $VUL $WIN #WR1 $ZNC

#Lithium Reserves - ASX Bang for your Buck chart update: 1) $SYA - Added ORE for Moblan (20/2). 2) Removed $AVZ $LLL and $LPI.

#Lithium Measured & Indicated Resources - ASX Bang for your Buck chart update: 1) $INR - Updated MRE for Rhyolite Ridge (30/4). 2) $CXO - Updated MRE for Finniss (11/4). 3) $GLN - Updated MRE for Hombre Muerto West (27/3). 4) $PLL - Updated for sale of ~12% SYA (22/2) 5) $MIN - Updated MRE for Mt Marion (21/2). 6) Removed $AVZ $LLL and $LPI.

*NEW* #Vanadium Reserves - ASX Bang for your Buck Chart.

*NEW* #Vanadium Measured & Indicated Resources - ASX Bang for your Buck Chart.

*NEW* #Vanadium Total Resources - ASX Bang for your Buck Chart. Bubble size reflects the size and ownership of the resource. Position on X axis shows fully diluted EV per tonne of contained vanadium. M&I and Reserve charts included in the thread below 🧵👇. Note: This chart only includes ASX listed companies. ASX: $AVL $CMG $GED $MKR $NMT $RVT $SRN $TOE $TVN $VKA $VMC #VR8

@LarsHan12518223 Yes - everything else being equal. Higher grades usually translate to lower capex and opex.

@_H00PZ_ Just to be sure. Its best to be in the top, left corner. Highest grades and most undervalued - or am I missing something?

#Lithium Reserves - ASX Bang for your Buck chart update: 1) $LTM - Merged Allkem and Livent resources.