Lithium pricing thread, page-84

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Firein10

643 Posts.

106

03/07/21

14:12

Post #: 54258790
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Originally posted by triage: ↑

Sounds like this is your first rodeo, mate.

First up, check what "perpetual" means. If the lithium price cycle stays on trend for the next 5 years then that is perhaps, temporary, cyclical or maybe even structural, but not everlasting, eternal or permanent. Now, I think there is a solid chance that the lithium price will continue to strengthen during at least the next manufacturing cycle for car manufacturers. But by then the market will be looking forward from there, not from here.

Secondly, this idea that you can have certainty about what will happen to the market price of a listed stock in 5 years is simply naive. I suggest you need to do a bit of reading about probabilities and luck. Either that or go join the Brainchip threads where everyone there is certain that that company will end up ten times the size of Microsoft and they are certain to all be outrageously rich.

Thirdly, sounds like that you are not only not very good at comprehension or probability but that you are also pretty average with arithmetic. The current ORE market price is just above $6 a pop and you are saying that if ORE goes to $30 a pop in five years we will all have "the worry of not knowing what you will do with all of that cash". Really? You do realise that in that scenario if you put $10k into ORE now in 5 years your ORE shares would have a market value of $50k? So you get to buy a fairly average car? So whoop de do! Or, you punt $100k and in five years time you still cannot afford to buy a house anywhere within commuting distance of a major CBD. Here's a tip: to have to worry about all the cash you have you need to pull off a series of rapid-fire ten baggers. Quintupling your money in five years is actually relatively pedestrian (assuming that not all of your punts come through).

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I appreciate your feedback.

Fortunately I've been here long enough and been buying with my beer money for the past 3 years. It was stressful especially when PLS was in the 20s and GXY was in the 80s. But now each time either goes up 2p it's enough for me to get excited and will be happy to spray in your pretty little face. For free.

Ill continue to buy with my beer money.

ORE Price at posting: $6.62 Sentiment: Buy Disclosure: Held
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