1. Goldman sachs bought $400,000 + worth last week based on broker report. The week before they bought $100,000 +. That's half a million dollars so they roughly hold 7,000,000 shares and I'm sure they will continue buying (you will see them on the report next week mark my words). I'm looking forward to seeing the announcement which says they are a significant shareholder.
2. Bmx auction which is one of the only factual price of lithium data hit new record highs. Yet the PLS sp is down. 6b $ mc
3. LKE comes out with great news about expansion into North America and their sp is down today 16.7%. These guys are progressing mou's with Ford and Japan hanwa and have a Mc of over 1b dollars so no small fry. why?
4. Biden administration talking about alternatives and throwing billions of $$ at the battery sectors supply chain and yet media is scaring ppl into selling, why?
5. AZL $1m from the state govt, $53m in the bank, Indicated resource with a 15yr mine life. Great management team with key market leaders in positions, continuing to progress the project at Big Sandy with 99.8% battery grade, research facility, SS due within a month, submitted everything BLM needs to them and now just waiting on approval for phase 3 drilling. I'm sure we will see a Lordsburg update soon.
Elon and the likes want the price of lithium to come down to make ev's cheaper however this attack on the lithium explorers market is not sustainable. The small fish may not have the funds to ride this out but those that are cashed up will and come back bigger and stronger (with some short term pain ofcourse which we are experiencing) however no one will lose unless they sell. I've lost over $600,000 in the last 2 months but I will not hesitate holding as the world has no choice but to produce lithium and the USA has THE most to lose if they are not self sufficient and self sustainable. My friends actually think im crazy as I could have taken above mentioned profit yet I have not lost any confidence. Those that know me know how long I've been holding for and how many shares I hold and seeing these downrampers, haters or investors trying to get in cheaper will not change my sentiment. What's it going to mean for lithium prices when there is less mines producing? what's it going to mean for the ev revolution and ev prices given lithium will be in shorter supply? Eventually things will turn around, the world has no choice.
I'm confident AZL will produce. I'm confident the SP will hit new heights and I'm confident once the real players load up the bounce / reversal will come and retail investors that sold will be kicking themselves.
Everyone should just do what is best for them and their investments. Like someone mentioned earlier if you buy an investment property and it drops after 4 months you don't sell it. You know sentiment will change and the cycle will keep doing it's thing and eventually reach new heights.
Good luck to everyone that sells but know all stocks are down so it's not like you can sell and buy something else. You bought based on your research and fundamentals have only improved over the last 12 months. The stocks that have copped it the most are the companies that had the biggest sp increases but those same companies will bounce back in my opinion.
If lithium wasn't going to be in such huge demand I would be hesitant but I know where I have invested and I know the world must produce millions of tonnes of battery grade lithium therefore short term pain or a decrease of $600,000 in profit doesn't phase me.
Good luck everyone, remember where sp is down the bulk of comments are going to be negative and those people that are anti AZL will be out in force. When SP is up those ppl disappear altogether or post a lot less.
AZL Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
(20min delay)