George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Russky - You are talking utter pish. Tesla just reported it’s fifth consecutive profitable quarter. Now if you had said Tesla wouldn’t be profitable without credits that would have been an accurate statement. That aside, their P/E valuation is utterly ludicrous and unsustainable in a rational market.
Benny thank your lucky stars this is still so overvalued giving you the opportunity to exit still at a good price. Don’t say you weren’t warned. Absolutely NO guarantee here of large orders from this rotten government.
As for sales up 20% up in October. What’s 20% of a couple o million or so. They need 200% 500% from their tiny sales figures to even begin to justify a £135m MC.
Never said that I was comparing it to Tesla.
As everyone knows Tesla has never made a profit but its worth billions.
Why spend time deramping and warning others of a bad share. Good of your hearts. Jog on.
Russky - are you seriously trying to compare ODX to Tesla?? LMAO. omg there is some serious self delusion going on here.
No they’re making practically f*ck all compared to a MC of £135m. That’s the problem. There is so much Jam tomorrow crammed into the price.
Fair value on current sales is 30p and even that is being very generous in terms of a EV/Sales ratio.
They need some serious large longer term orders or the SP will sink from here. Capacity is all very well and good but the orders are needed now. It wasn’t hard to predict such a disappointing trading update. It was exactly what I expected.
Seriously under valued.
Have you heard of Tesla?
Substantially overvalued unless AND until serious orders begin to materialise. They currently have less than 200,000 tests allotted. Capacity will be 300,000 per week by end November (apparently). So they will fill this order in less than a week. Then they are standing around twiddling their thumbs. Those orders need to come in quick.