Morning ALL,
Lithium news is quickly gathering pace, It is nearly impossible to keep up with all the developments that are being released to the market.
Manny 100's post re purchase of 25% of greenbushes by IGO is just one example of a plethora of very positive press releases.All this news has already had a very positive effect of most ASX listed lithium shares, PLS market cap is now within a hair's breadth of 2 billion dollars. The outlook for Lithium is extremely bullish and like with an incoming tide all boats will rise , it's just a matter of time.
Our lithium is just so big and will be extremely profitable for decades to come for the market to maintain its current stance of attributing a near zero value for same. Any news from the company regarding offtake, JV or potential purchase will lead to an immediate rerate to proper value, we are one trading halt away from liftoff.
The same can be said of our gold mine/resource, we are so undervalue here too, any news from our current program of drilling, resource upgrade etc etc will also turn on the booster rockets.
The following Article sums up how the landscape in the auto industry is going to change, (link provided below)We’ve reached a ‘turning point’ on the electrification of vehicles, Nissan executive says
KEY POINTSHold them tight people................very interesting times ahead.................Oh and enjoy the weekend folks
- The rise in the number of electric vehicles used by consumers has been quite rapid over the past decade.
- Around the world, efforts are being made to boost the number of charging options for electric vehicles.
- https://www.cnbc.com/2020/12/08/weve-reached-turning-point-on-electrification-of-vehicles-nissan-executive.html
All imo and DYOR
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