PTW , agree re lithium recovery and this is a good stock.
However what is the bottom for LTM and price of lithium?
Currently on tradingeconomics site 93500cny/t.
Galaxy fell to about 70c when lithium price fell to 40000cny/t.
I recall a poster being mocked for panicking when LTM fell from $16 to $13 and sold.
Also $16 corresponds to about the lithium price peak of 600000cny /t.
What is a sustainable lithium price?
I ask , because I have no idea , I do not hold and am sure I will miss the bottom , re optimum timing.
I think lithium miners SP still have a way to go , re impact of revenue and profit reporting results.
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Last
$3.85 |
Change
-0.130(3.27%) |
Mkt cap ! $1.360B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.93 | $3.78 | $7.101M | 1.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 16242 | $3.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.85 | 47326 | 39 |
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| Last trade - 14.52pm 15/08/2024 (20 minute delay) ? |
| LTM (ASX) Chart |