SRL 5.81% 45.5¢ sunrise energy metals limited

Where is the bottom ???, page-268

  1. 1,745 Posts.
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    I hope you're right about the 54c level @Moova, the thing is yesterday CLQ broke thru 54 down to 53.5c intraday, so it could still go either way for me, but the bounce would be the better of course - after the recent smashing. But have been watching the 54c from 6/6/17 for last few weeks

    As I write this I see CLQ has had near enough to a 10% bounce today on pretty good volume compared with the recent several months of positive trading days (since 16th March)

    Yes EV sector (as you call it) has been taking a beating all round, cobalts and lithiums in particular.

    The XMJ (materials sector on ASX) has also been copping a hiding, base metals been copping it too (strong US$, trade wars, Emerging Market debt fears) and so did cobalt - but cobalt has staged a nice recovery over the last week or so.

    Nickel has also dropped from recent high just over US$7 and is at around $5.89, but the nickel is different to other base metals (if you take a look at a 12 month chart it is still in a solid uptrend), it has been predicted that Ni will be going into a critical undersupply scenario in next few months because demand is beginning to outstrip supply in near future.

    The Emerging Market debt scenario concerns me more than CLQ raising the debt for Sunrise, (I believe that CLQ will get the money for Sunrise).

    A link I saw today re EV's
    https://*********.com.au/china-powers-global-electric-vehicle-supremacy/
    US sales of new EV's has been very strong thru 2018, google "insideEVs" for info charts etc.
 
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Last
45.5¢
Change
0.025(5.81%)
Mkt cap ! $41.05M
Open High Low Value Volume
43.0¢ 46.0¢ 43.0¢ $3.023K 6.665K

Buyers (Bids)

No. Vol. Price($)
1 671 45.5¢
 

Sellers (Offers)

Price($) Vol. No.
47.0¢ 2300 2
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
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