Thanks Doctor. Also gives me a good place to start when doing more research. That post on AVZ was great and enlightening.
It’s always good to question where the data is from, what is driving it and it’s relevance. I ve been seeing many panic over the sector wide downturn, especially over in the GXY forum.
As another poster said, “XYZ is only as good as the price of lithium.” And then went on to point out the drop in spot pricing, which as you have said, is correct, it has dropped but the relevance of such a drop has to be taken in context of the overall market and how lithium suppliers operate which is often via offtake agreements with a pricing schedule already fixed.
It’s always good to keep a open mind and question everything, instead if getting sucked into the groupthink that can often happen in the long side. I don’t trade with stop losses, as I’m more of a long term fundemental investor.
I m cautiously optimistic on the lithium sector, but willing to test my assumptions at any time.
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Last
4.3¢ |
Change
-0.001(2.27%) |
Mkt cap ! $10.62M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.2¢ | $6.88K | 155.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13098 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 12601 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13098 | 0.043 |
1 | 49886 | 0.042 |
3 | 51351 | 0.041 |
6 | 246083 | 0.040 |
1 | 18000 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 12601 | 1 |
0.049 | 50000 | 2 |
0.050 | 329732 | 4 |
0.051 | 40000 | 1 |
0.052 | 45000 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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