LICY - American Battery Technology: Market Valuation Doubles And This Seems Unjustified

• The market valuation of the company has doubled since late February and I can’t find a reason that justifies this increase.
• Construction of the lithium-ion battery recycling in Fernley seems to be going slow and I doubt the plant will be operational by the end of 2022.
• ABML also still hasn’t secured any major off-take agreements and I continue to think it has no chance of competing against the likes of Li-Cycle.
• In my view, this sudden increase in the market valuation of ABML creates a short selling opportunity and the short borrow fee rate stands at just 3.45%.

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