LAC - Lithium Americas: More Ridiculousness After Public Offering
2024-04-22 09:15:55 ET
Summary
- Lithium Americas took a massive hit via a public offering of shares.
- Given pending government loans and General Motors support, Thacker Pass will most likely be operational around 2027 give or take.
- Future expansions could be self funded and we have provided maps of potential target areas.
- Current share prices of LAC represent a ridiculous value for the patient long-term investor who is not risk averse.
In a stunning display of self-immolation, Lithium Americas ( LAC ) set itself on fire and incinerated 30% of its share price in one day via a public offering of shares. While some investors were aware LAC needed additional capital to bridge the gap in funding for its lithium mine (called Thacker Pass), some were not....
Lithium Americas: More Ridiculousness After Public Offering