XAO 0.30% 8,481.6 all ordinaries

Short Term Trading Week Starting: 26 November 2018, page-2

  1. 1,865 Posts.
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    Something that happened last week within only growth sector that has traction (true you do need a magnifying glass) was the tie up between Albemarlie and Minerals Res concerning Wodgina.

    The re confirmation of future value of WA hard rock Li assets while people busy looking at other things over last 6 months or so in eyes of trading team.

    Hound immediately prompted a position in LTR, I argued against citing model cycle way to immature but understood where he was coming from.

    He countered with the government (both state and federal) being very keen to associate themselves with a major Li resource and the value add component.

    Position not taken, hound calmed down but to save face demanded we move up to our primary WL.

    His closing comment ' bit of sector momentum, could be a coupla pips in it, grow a pair'

    I pretended to be concentrating on other things.
 
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