Very well put. Arcadia is certainly world class and is definitely getting a decent amount of attention from the technical market at the moment. I particularly like the lithium demand supply situation in the global context - Europe, The US and even the Aussies are keenly looking at establishing local supply chain for lithium batteries as the electrification of mobility takes hold. Removing the reliance on China is the driver here and I am clearly seeing the early signs of nervousness as Elon Musk outlines his ambitious plans and the balance of the auto industry try to play catch up. This dynamic will drive up the price of lithium sooner than anyone is forecasting. Forecasters are rarely right- commodity price spikes almost always catch the market napping imho.
PSC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
(20min delay)