GMM 0.00% 65.5¢ general mining corporation limited

Ann: Trading Halt request-GMM.AX, page-62

  1. 11,094 Posts.
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    I reckon GMM will be selling at the top again. The media story seems to always be wrong. Lithium has spiked due to the March 2015 storms knocking out about 7% or so of international production IMO. Brine producers take one to two years to turnaround their supply, and obviously all of that water (and overspills?) probably lead to significant delays. You can see it in SQM's production figures, even though the affected producers all appear to have been secretive about it. There is a near endless supply of Lithium given a couple of years turnaround time, as international yearly demand in LCE terms (200kt) is only half a Valemax (400 kt), and just sqm's Atacama reserves (subject to gov permission) alone are 180x estimated 2015 production. Good luck to all.
    Last edited by CaptainBarnacles: 27/05/16
 
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