Sloppy Journalism re: LAC
posted on
Aug 18, 2020 12:38AM
I give Jordan over on TOB credit for posting first the link to this article originally found on The Motely Fool:
https://www.nasdaq.com/articles/why-lithium-americas-stock-keeps-going-up-2020-08-17
I personally think it was a sloppy job by the author as exemplified in this ridiculous assertion in the article:
"Analysts polled by S&P Global Market Intelligence expect that losses will continue through the end of this year, but by 2021, the forecast is for one or both of these projects to be up and running and generating increasingly large amounts of revenue -- indeed, enough to turn a $0.20 a share profit in 2021, and then quadruple it in 2022."
Anyone who follows LAC knows that there is no way that " by 2021, the forecast is for one OR BOTH of these projects to be up and running " is a possibility.
It isn't much of an article, but it is an example of what is out there by the financial "Journalists", especially those who don't know the basics about the subject for which they chose to write. Very sloppy "journalism".
If new investors who haven't also bothered to do their research of the subject read this kind of blatantly false report then there is no wonder so many newbies have climbed on the LAC train lately. Thacker Pass will NOT be "up and running" in 2021. We don't even have the DFS until 4th Quarter 2020 at the earliest and there is no way that LAC could complete construction on Thacker Pass and be "up and running" anytime in 2021. Even a superficial scan of available information on the company Home Page about Thacker Pass would have revealed to this make believe journalist the error of his ways.
I still believe in the ultimate huge success of LAC, especially at Thacker Pass... but we don't need false and misleading reports to Pump Up the naive and gullible. Just do like Sergeant Joe Friday advised so many decades ago: "Just the facts, Mam. Nothing but the facts!"
Rich Smith: A very sloppy job!
JMO