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Mirabiledictu1

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24/06/24

10:40

Post #: 74455136
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Originally posted by PatienceToWin: ↑

I feel sorry for those investors that cannot hold on for the recovery in Lithium prices and have to sell near the bottom, I can assure you I will be holding until we see a full recovery in Lithium prices and our SP is back above $16, even if it takes 2 - 4 years, yes folks 2-4 years, giddy up market .........PTW.

"Lithium stocks have plunged on the back of a steep correction in lithium. It’s worth noting that the markets tend to react to the extremes. Currently, the sentiment for lithium stocks is bearish, and quality stocks seem deeply undervalued. I believe this is a golden opportunity to consider some lithium stocks to buy for the long term.
The most important point to note is that the correction in lithium is temporary. Analysts expect that by the end of 2025, there will be a “modest deficit” of 40,000 to 60,000 tonnes of lithium carbonate equivalent. Further, the deficit is expected to increase to 768,000 tonnes by the end of 2030.
If this estimate holds true, the upside in lithium is likely to be significant in the next five years. This will also translate into a big rally for some of the best lithium stocks. This column focuses on three lithium stocks to buy that have the potential to make millionaires by the end of the decade."

3 Lithium Stocks to Buy That Can Make Millionaires by 2030 | InvestorPlace

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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.

LTM Price at posting: $4.96 Sentiment: None Disclosure: Not Held
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General Discussion, page-1702

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