All the media coverage about the "abundant supply of lithium" has caused a huge drop across most of the lithium stocks. It's very overdone. Anyone experienced with investing in miners/commodities will know that this is just part of the game. No doubt in a month or two there will be a new story about a shortage. This is why I don't like investing in miners/commodities.
It was only last year I heard so many analysts advising to sell Orocobre back when it was $3 because it would never go any higher. Now if you look at it trading at nearly $7. Now I hear those same analysts on YMYC saying to buy Orocobre.
My point being, no one has a crystal ball. DYOR and stick to your guns. Mining companies take approx 6-7 years on average to be at peak production. This is the time frame I would be looking at. Imo the underlying commodity will always fluctuate in price and only those companies that can control costs and are managed well will ever really make it.
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5 | 1331853 | 0.039 |
9 | 747851 | 0.038 |
16 | 1415149 | 0.037 |
Price($) | Vol. | No. |
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0.045 | 188813 | 4 |
0.046 | 875726 | 7 |
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