We're not in a bear market... afraid we're in recession.
Commodity prices are falling. Granted, producers will scale production accordingly and bouy prices somewhat.
On the Iron Ore side, concern then is whether these low grade mines that began reopening during the boom remain viable. At the low end, where CMSB's stuff lies, it is iffy.
Lithium will be, but no need to repeat the concerns of - financing - demand in market
The likes of BHP and FMG are indicating difficulty in financing projects.
Will be interesting to see what the drop in oil prices will have on the push to electric vehicle, the area where it is generally seen as the demand for new Lithium would be.
Without contracts in place, and the debts remaining, ADY is currently in survival mode.
Personally, I'm not in a position to gamble with this one like many others seem to be, as I didn;t capitalise on opportunities to generate free rides.
ADY Price at posting:
4.8¢ Sentiment: None Disclosure: Held
