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....
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Lithium Americas: More Ridiculousness After Public Offering