Li-related News/Articles/Reports, page-6432

@stevo 111

Hey mate,

I can see a sliver of light, but I'm certainly not confident enough to call the bottom just yet. There was some great movement across most ASX lithium stocks today, which was nice to see, but I need a bit more confirmation than one green day. I reckon your call about a move up after CNY might be on the money though.

You're spot on about the Chinese manipulation, however the only thing I can't wrap my head around is how Tianqi, Gangfeng, Chengxin, et al seem to get hit just as hard as Australian and other international producers. BYD and CATL might just be treating them as collateral damage in their efforts to keep raw material prices suppressed.

I don't think we're done with the 9's yet, but who knows, maybe 8.6 cents was the bottom. I just tend to think that if any bad news eventuates over the next few months (if EIA approval, production rate forecast or project mine-life extension miss their end of Q1 milestones, cap-raise, further issues with commissioning, etc), then we might be in for lower lows.

I'm happy that the spot price has stabilised, and barring any of the bad news items listed above, I reckon we might just bounce around between 9-11 cents over the next couple of months. If bad news does come, maybe we'll drift down to 7-8 cents, and conversely with a move up in the spot price and/or positive company specific news, it might move up pretty quickly. I'm doing my best to remain patient for now.

Good luck!