the charts that I am looking at suggest that the weakness started well before the scoping study was published (14/02). More like end of Jan and is likely more related to decline in lithium spot prices than that GL1 specific event. Otherwise, how do you explain that most lithium stocks are down since then? https://tradingeconomics.com/commodity/lithium
Global markets play a role here, too. UBS/CS now sorted and hopefully stock piles in Asia diminishing, which will mean that spot prices will go up again in the not so distant future. EV revolution is going to continue and so there will be demand, no?
GL1 Megathread, page-1088
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.02M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $73.93K | 338.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15232 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 17768 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| GL1 (ASX) Chart |