Alkemy Capital Investments plc (LON:ALK) (JV2:FRA) has announced that international investment banking and broking firm, VSA Capital, has published an updated research note on the Company.
The research note follows recent announcements from Alkemy regarding advancements on feedstock negotiations for Tees Valley Lithium’s lithium hydroxide refinery in Teesside and the completion of a class 4 feasibility study for Port Hedland Lithium’s lithium sulphate refinery located at the Boodarie Strategic Industrial Area in Western Australia.
VSA commented:
“The progress is positive and as yet the market has not priced in success. We continue to believe that the company’s strategy positions it to achieve these major milestones that would unlock significant value and expedite the project financing process and options.
Currently, little of the recent progress in terms of engineering studies, planning permission and feedstock has been reflected in the share price.
We reiterate our Speculative Buy recommendation and increase our target price to £15.30/sh.“
The initiation note is available to view here: www.alkemycapital.co.uk/investors/analyst-coverage
