I think that the quote from Robin Bromby in todays Investor Intel sums up what is happening at SOC at the moment.
'...Before lunch, two more companies were now in the lithium business – Marindi Metals (ASX: MZN), hitherto a zinc explorer, and Monax Mining (ASX: MOX) which seems to have been contentedly drilling for gold, had now joined the fast-growing ranks of lithium explorers. Meanwhile, a slightly less recent addition, Kairos Minerals (ASX: KAI) had added to its ground holding.
My head is spinning: it’s hard to keep up with deluge of lithium converts. As increasing numbers of commentators are saying, the lithium field is becoming severely overcrowded.
As we have seen with uranium, rare earths, phosphate, graphite and now lithium, junior companies have tended to fly toward the brightest flame – and then move on..."
Mind you if I can make a profit on the SPP I would not complain, but it is pretty obvious why the sudden interest in lithium by GTT.
SOC Price at posting:
0.5¢ Sentiment: Hold Disclosure: Not Held
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