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29/09/17
12:24
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Originally posted by coolgrace
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some seriously great posts today.....
Will be see the price increasInglis post October 12? Something tells me Yes..
ML has stated that we shoukd be at 20+ cent now....however the positive of Bengals this cheap means more partiestablished coming to the Lithium table.....his words!
And so if he believes the SP shoukd have been 20+ now.....then rational thinking leads me to believe everything that we will be above this as a TO price and anyone quoting 20c just doesn't get the dynamics playing out.
We are expected to start drilling soon...
First round of drilling results by Q4 2017 some have suggested
We will see more Chinese parties come to the table
Especially given the public declarations made by top tier car manufacturers stating that electric cars will be pushed big time....
non car manufacturers tuners such as Dyson r moving into the electric car space
bidding war will start....
ML will use these variables to drive a higher TO price.
Where that price lands is anyone's guess but I'm certain it will be post 25c
note when negotiating he has the Tin and Tan credits in his favour; enormous bargaining power on his end.
We now simply need to be patient
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ML Also said that he sold PLS for AVZ, not so smart in hindsight, so while he might be a lithium guru, perhaps not so smart in placing valuations on companies, just saying.
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