Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, What are your thoughts around the Gina Rinehart backed Vulcan Energy ? Do you feel it's good value under $12? Wishing you and the team a Merry Xmas and all the best for the New Year and keep up the good work as we are heading into another choppy 2022 . Cheers Craig
Hi Craig,
VUL is another clean energy company already valued at $1.5bn – the business is aiming to produce battery quality lithium hydroxide with a net zero carbon footprint from its resource in Germany. This sort of development is becoming very popular in many commodities driven by customers like Tesla. We hosted a senior exec from Tesla a few weeks ago at a battery metals day and one key aspect that was abundantly clear is that they care deeply about how the raw materials they are using are produced from both an environmental perspective, but also in terms of the social and governance aspects like worker pay, human rights and the list goes on. Gina’s involvement in VUL gives the whole business credibility, she’s an impressive businesswoman who doesn’t back losers too often.
Interestingly, VUL rallied strongly recently after short seller J Capital was forced to apologise after a scathing bearish note on the business and its goal of a zero carbon footprint. From a prince perspective, considering where the stock was 12-months ago we cannot get too excited from a risk / reward perspective leaving us neutral the stock in the $11.5-$12 region.
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