I agree, CEZ, VW and/or LG really have no other options other than to use Cinovec's ability to produce battery-grade lithium products locally. However, I was looking at the EMH's journey and its SP movement over the past 10 years...
We are now at the exactly the same SP as we were in 2012. The wheels on this project thing are turning at such glacial pace, its scary. The fact is this project was pumped and subsequently dumped during the last three lithium booms of 2010-2013; 2016-2018; 2021-2022 (as you can see in the charts above).
At least from looking at the 'tea leaves' I can see that with each boom this project got developed a little bit further and the peak-to-trough settles at a higher support level than prior to each of the boom periods with a much higher peak in the next boom period.
SP peak of $4 in FY24 anyone? Obviously we will still be waiting for DFS and offtakes at that time, but I hear they are inking them in as we speak.
#jokesbutnotjokes
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.30M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 76384 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 17437 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 76384 | 0.180 |
1 | 25000 | 0.175 |
2 | 8000 | 0.170 |
3 | 131060 | 0.165 |
1 | 6451 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 17437 | 1 |
0.240 | 13670 | 2 |
0.380 | 1403 | 1 |
0.400 | 33303 | 1 |
0.000 | 0 | 0 |
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