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Thursday, 03/14/2024 7:45:27 AM

Thursday, March 14, 2024 7:45:27 AM

Post# of 29432
Big Lithium Short Gets ‘Dangerous’ on Lower Supply Outlook
https://finance.yahoo.com/news/big-lithium-short-gets-dangerous-180000239.html

Investor bets against Pilbara Minerals are hovering around record levels at about 22% of free float, equivalent to $1.8 billion, making it the most shorted stock on Australia’s benchmark equity index, S&P Global data shows



Good luck shorting Pilbara. When demand picks up Pilbara is better positioned then most to supply large volumes of spodumene. Their large cash position allows them to fully fund their capital buildout with plenty of cash available to weather the current market conditions. They have contracts covering their current production, albeit at much lower net, but any upside in price and it's off to the races again.

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