Dont see much supply coming online until 2021-2022. Pls correct me if I am wrong. On the other hand even if the contracts are priced with floor n ceiling, the SP is affected by daily market prices. Its ridiculous but this is what happens with other commodities. Its a tricky situation when it comes to SP, who would have thought you could buy this at 14 c. Last topped up at 21 c, should have waited...
Anyways this has to make a bottom somewhere and settle a bit higher even though no sign of it so far... With my calculations we should have a decent quarter and specially current q should be good. Also JB has said a few times about new inquiries being looked in. Hopefully another good partner and we may stop falling. Eitherways just some more time and hopefully lithium stocks turn...
Good luck all for this year..
Dyor n imo
Arjay
price target, page-103
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