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AJM outlook and future, page-37

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Dr_Manhattan

2,168 Posts.

5800

17/10/19

22:33

Post #: 40941566
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Originally posted by Lowkeyinvestor ↑

Hi Dr and others.

I can not stop thinking that the Chinese have got hold of the battery revolution (before it was a revolution) and under the radar of the other world powers.

With all the battery metals China has control of the demand. And thus also control supply in my view.

China as we know subsidise their manufacturing plants (even if those plants run at losses) that is the communist way of thinking. It is hard to beat them at their game.

Currently with Lithium the Chinese Communist Government controlled companies will make deals with all foreign producers of Spod and then start to screw them into oblivion with price reductions, and then covert takeover action starts(they inject funds).

Cant wait for India and the USA to get serious about securing supply.

Sorry China just my opinion.

I bought in at 40c sold at 36c bought again at 22 cents sold at 7.8 cents lost $32,000.00.

Waiting and observing to buy back in price to me seems to be bottoming, but still a way to go down I think.

I reckon we will be alright when then the real big players get fair dinkum or we will get a hostile takeover play.

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Never nice to hear such news. I rode this through 50c and back down again, so I'm no expert. I admit that I always bought AJM as a long term investment and was always planning to go into Stage 2 and beyond but a lot of lessons learned along the way. The sector really took a turn over the past year or two but I'm hoping AJM is near its bottom considering they expect to hit nameplate this quarter.

Last edited by Dr_Manhattan: 17/10/19

AJM Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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