Brett Girard, CPA, CA, CFA Lithium Americas Corp LAC-T PARTIAL BUY Jun 20, 2023

The challenge with lithium is where it's located and who contols that. Namely, Chile just announced it will nationalized lithium (in the next few years). Yes, you want to be part of the EV play, but base metals aren't the way to do it. Albemarle, for instance, is too volatile.

There's intense interest in lithium as the market seeks a reliable supply of it to help build EVs. LAC is a mid-cap, so it has some stability. Shares have been bouncing with a decent base at $25. Is set up for a near-term rally. Have a decent balance sheet.

Lithium is becoming more relevant with EVs, it will just take some time. Takes a lot of capital up front, to mine, and to sell. Demand/supply cycles are not always clear cut. 

Small commodity, growing a lot. Under pressure, because lithium is under pressure with new mines coming on. It will come down to economic execution. Good assets. Be cautious in short term, as momentum is against it. Sub-$15 is a good level.

There's lithium everywhere. It's going to be an opportunity for EVs. But if you look at the price of a giant like ALB, the shares have come down, and that's just gravity taking hold of high valuations. If you need to sell, sell. Restructuring restricted share trading earlier this week.

He'd probably take the North American play. Lithium market is on the verge of becoming over-, not under-, supplied. Argentinian assets are higher quality, buy still thinks NA assets will gain more favour.

Not bullish on Lithium, but company is well run. Expecting prices of Lithium to fall. Too much interest at these levels. Waiting for weakness.