Does MM like Vulcan Energy Resources (VUL) here?
Would Vulcan Energy Resources be a reasonable investment now it has dropped so much in price? Thanks Sue
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Answer
Hi Sue,
For subscribers not familiar with Vulcan Energy (VUL) its a $575mn company aiming to produce battery quality lithium with a net zero footprint from a resource in Germany. The stock has indeed fallen almost 80% from its 2021 high illustrating the speculative nature of both this stock and the sector – we see no reason to catch this particular falling knife.
For lithium exposure we currently hold Minerals Resources (MIN) in our Growth Portfolio plus Global Lithium (GL1) in our Emerging Companies Portfolio. Until further notice we also like other proven “higher quality” names in the space such as Pilbara Minerals (PLS) and IGO Ltd (IGO) more so than Vulcan.
