Really...?
If the company expects to be producing 100ktpa of LCE in about 5 years or so, which would bring in at least $500 million of profit each year, do you really (really) think that they would walk away now for 7 or 800 mil ...? (well we know you do, but that is for others who are reading your fud and wondering if there is any sound basis for it).
The company would laugh at that idea. ...and It is nonsense that major holders would sell out effectively at the bottom end of the market and give up the gains to be made in the next few years.
The problem with chasing pips and thinking only about tomorrow and next week, is that you lose sight of the bigger picture, and what is actually unfolding on a broader time scale. This latest downtrend is but a blip in the start of the rEVolution. This will unfold increasingly rapidly over the next 5-10-15 years.
>1Mtpa LCE required within a decade. You still cannot list where it will come from and therefore have no sound basis for your sky-is-falling fud.
Tell us about where all the supply will come from. We know where the demand will come from. All you can say is that supply will be higher. From where, who, when..? Have a go. Go on. Bit tricky isn't it? "heaps of producers are coming on line" doesn't cut it. Who? When? Where? How much?
The sky isn't falling. You just want everyone to think that - because you make money with every cent that share price drops.
Do you shorters have a trading platform that shows green on the price drops and red when it rises...!?!?
Gloat while it's going your way. We know what happens when it turns around. Seen it before, will see it again.
I don't claim to know when that will happen, but I do bet that we will indeed survive (easily) and be in a prime position to take full advantage of the turn that will come.
Disruptive exponential growth is swift and brutal and catches most by surprise.
You remind me of the Kodak guys - "it'll never catch on, this digital thing"... Bam. Gone.
Looking forward to it and not stressed in the meantime. It is coming. We will be here. No-one has convinced me otherwise and I don't care what happens today or tomorrow - that's momentum and charting, and nothing to do with the fundamentals of the business or sector.
Recommending selling at this stage in the game ? Look at the chart! Buy low sell high remember. A 5-year old can see it's low. So it might go a bit lower, so what. MOST (if not all) of the drop has now occurred, and that is simple maths.
Everyone sell out so the shorter asb83 can make 4 more pips and then buy in to ride it up!!! Whatever....
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