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8.89%

9.8¢ core lithium ltd

Spodumene Price, page-626

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tobiasroy

4,491 Posts.

949

09/11/21

17:35

Post #: 57435955
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Originally posted by Kiwisfly9: ↑

It's only 29 more days (or less) at 2% (or greater) daily gains for us to hit 3K.

That's before Christmas if we continue to get daily rises of 2% each day like we have. And bear in mind, that more often than not recently we have seen the daily rise around 2.5%. Perhaps that growth rate might taper out but the trend seems to be indicating the exact opposite at the moment and with demand forecast to triple before 2025 and 2022 just around the corner, it doesn't take an expert to figure out that even with the extra supply coming online soon (including us) that its simply not going to be met.

Also, the cost of lithium in an EV is actually a fairly cheap part of the cost of the car. So there is a lot more space for it to grow before we see EV prices growing not dropping like they are at the moment.

Bear in mind too, when I started noticing around this time last year that the Spodumene price was rising (and rapidly) a lot of people scoffed at my suggestion that the price would break 1000 in the time predicted (and it did within a few weeks of it).

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Surely if Spod goes up over the next couple of days we gotta crack 70c before the end of the week.

CXO Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.008(8.89%)		Mkt cap ! $209.4M

Open	High	Low	Value	Volume
9.0¢	10.0¢	8.9¢	$3.078M	32.42M

Buyers (Bids)

No.	Vol.	Price($)
1	50000	9.8¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	334881	7

View Market Depth

No.	Vol.	Price($)
1	50000	0.098
4	420000	0.097
7	684166	0.096
6	449930	0.095
5	422155	0.094

Price($)	Vol.	No.
0.099	334881	7
0.100	733032	9
0.105	2470293	29
0.110	447359	14
0.115	763384	16

Last trade - 16.10pm 27/06/2024 (20 minute delay)

CXO (ASX) Chart