as i outlined above most of the brokers took a cautious approach...

as i outlined above most of the brokers took a cautious approach with a 2.5-10% discount in their valuation, but the steeper end of the downgrades were basdd on permanent tax and no cost offset benefits which is unlikely so an overreaction, and jp morgan admitted their downgrade was mostly for an u qunatifiable ‘country risk’.

the 10% bounce friday was a nice end to the week but i may still get my chance to buy more in low 3s in next couple of weeks.

all brokers at least agree with most of us holders that in the medium term we are well undervalued at these levels even accounting for lower current spot lithium carb prices and higher tax rates.