To follow up Andrew's Post.

Shorting is very hard and doing requires you to really optimise the asymmetry of the bet. A few items in the report I think are meh, some others are critical issues. The biggest one being the efficacy of the Lilac process. However, even if LKE had to walk it back and go down a different path like peer ASN, or worse case, go to a conventional brine process rather than any DLE, its a big set back but not terminal

As such, if LKE is anything short of an actual fraud thus a full zero then your risk reward shorting here is way off and there is the added risk of a reboot of a hot lithium trade that reverse sentiment and price action.

Chart below is to illustrate when you should think about a short if you have the conviction to do so. I'm a firm believer that you want a tailwind in your sail (i.e. negative price momentum) to consider the risk but waiting until the stock is already down 73% from the high seems like wasted potential and to be asking for trouble.

I do note that charts in the report cut off around May 22 so chance is they're short way higher and the report was caught up in review/legals, however, the mark is when the report goes live.

Notes: I'm not long LKE and don't care for it otherwise either way.