1. Very strong net demand (ie Li demand will significantly outpace actual Li supplies) for Li in the near future, based on strong fundamental analysis by Sprott Critical Metals ETF a few days ago (Analysis reproduced, verbatim, by Stock .head's C. Edwards 11.4.23).
2. Some may be interested, & find succour, in the Li "confidence vote" demonstrated by LTR SP rise since 28.3.23 (Takeover Offer $2.50, in production very soon).
And also the big Volume jump. with a modest SP rise, In ESS (subject to a 50c Scheme of Arrangement Offer). Production several years away, big Capex needed (small MC company, lots of dilution if no takeover).
The ESS SP action (now at 51c, with c.3.7 m sold so far today) almost certainly indicates the big boys are wading into ESS- they realise 50c is far too cheap for a safe Tier 1 11mt Li asset, (& much more?), well located, in a safe market that will be desperate for Li in future years (mantras of energy security/secure supply chains- ie non China & non-Russia/Co2 reduction targets etc.).
This action, albeit indirectly, eventually bodes well for EUR.
