General Discussion Banter GLN, page-3418

Good post mate.

As a GXY, AGY, GLN. AVZ, ASN, NVA, holder just in the lithium space I agree the the market is currently flocked. Sentiment is fricked and there are many wary investors that got burned after the mad run up to January 2018. Most are between 60-80% down.

We are currently sitting in the troff after wave two, WHEN wave three makes its self known things will change very quickly, this over supply situation will become a distant memory. Investors in general follow the crowd, once the crowd sees a consistent rise in lithium prices and share price, the herd mentality will return.

Many including myself believe that lithium wave three will eclipse previous runs. I just watch the carmakers, the energy storage providers, and importantly the amazing surge in the battery gigafactorys.

Some predict there will be a turn in the market this year, I suspect it will be late next year heading into 2021. I hope I’m wrong on this because it’s already been 20 months of sheet.

The outlook for lithium is a done deal now as far as I can see, carmakers have committed too much cash to change their tune. VW alone is converting four BIG factories to produce EVs only. The writing is on the wall for all to see!

Slow wind down in ICE sales, where EV sales continue to grow. Look at the Tesla sales of the model 3 in Sydney and Brisbane, killing it.

There is some light at the end of the tunnel, as dim as it might appear now. As it gets closer the light will be refreshing to most.

She’s coming!!