Wow this forum is a cesspool of anger towards anyone having a different point of view.
Another poster has hinted to what I’ve said. Look at all those other boomtime sectors that ended in tears. Uranium - PDN, DYL, SMM and ERA plus an entourage of minnows. Coal - just about every coal stock that wasn’t taken over. WHC and NHC the only survivors that didn’t destroy shareholders. Rare earths? Same crap. LYC etc.
Iron ore? Take a look at AGO, GBG, GRR, MGX etc the list goes on for minnows that are not bankrupt and also 1 cent. FMG the only good one, but still down well over 50% from the boomtime highs.
When margins are so good it encourages new entrants thus supply eventually exceeds demand. SQM alone should put some fear into investors. What about Jadar with RIO?
Anyway I don’t hold any lithium stocks and I won’t buy any on the ASX as they are not investment grade. I’m just pointing out that the blissful fantasies posted on here should be read with some caution. Flame away at me. Don’t say I didn’t warn you in a few years time. A lot of hot money and first timers here. Don’t bet your house on this.
PLS Price at posting:
99.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)