Banter and general comments, page-280

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Dittolee

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22/01/21

17:28

Post #: 50384914
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Originally posted by Kiwisfly9: ↑

I mean, I can understand that when the market takes a big leap that things tend to retrace a bit, its just the nature of growth industries or stocks which are massively over hyped and driven by lots of FOMO without the fundamentals to actually back it up but sincerely I think the forecast for the next 10 years at least is generally very optimistic for the lithium market.

Earlier today, we hit a yearly high for Spodumene (the stuff that they extract lithium from in chemical plants to make batteries with). That alone, is suggestive of the beginning of a new Bull super cycle so in the last month or so, a lot of new money has suddenly been entering the lithium market as the beginning signs are there.

So while some companies out there probably have overblown Share Prices, I think a lot of them are going to be seeing some pretty happy days in their immediate and longer term forecasts and watching a stock move sideways or even drop a little bit before it takes off again is just part and parcel of holding sometimes.

Certainly, I am feeling very very optimistic about our own prospects. As is, this company probably has a Share Price of 40-50 cents just on the lithium for the next year and if you factor in the Gold were about to release, your probably talking at least another 10 or 20 cents in the next few weeks if everything goes well.

Beats the hell out of a term deposit at your local bank or a 3-7% blue chip. But do your own research (and I really mean that, actually take the time to read the company documents, don't just trust randoms on the internet like me).

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Thank you Kiwisfly9. Very insightful

CXO Price at posting: 30.0¢ Sentiment: None Disclosure: Held
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Banter and general comments, page-280

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Banter and general comments, page-280

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