GMM general mining corporation limited

Lithium prices tipped to rise 20 per cent by 2017 on demand for electric cars, page-9

  1. 5,072 Posts.
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    Someone could be a broker or a small Indro has been dumping since Thu. Not hard to figure that out. Yes in the short term it may hit 13.5c to14c but in the long run it will do very well as no other Aussie Lithium play is close to production. The main risk here is CR for the production. If they decide to go say 20% discount to S708's and Instos then we are around 13.5c that's why I said 13.5 c price this week is possible. If CR to be done you would do it sooner rather than later as plant is supposed to start in March. So this week we see a bit of pressure on the SP because of
    . Someone started dumping Thu
    . Possible CR pressure
    . Plant to start in March so CR would be sooner rather than later.
 
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