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deedee33

1,925 Posts.

1005

15/03/24

18:32

Post #: 72912404
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Originally posted by ziyou: ↑

Been in CXO since 2015, seen many posters come and go , should have gone myself at around the $1.80 ish mark.Have followed the announcements and vidi=eo presentations for many years, average price 4.4c so still in the game.
Some thoughts on current, Li demand will increase expotentially if the countries that have committed to emission reductions continue on their path. Everyone talks about EV's the biggest demand very soon will come from storage Batteries if all these committements stand , just look at Australia's rabid replacement of coal etc ,even if these reductions aren't possible in the timefroames li demand will still be there ,if the batteries can be built.
China is the only game in town at present and for the next few years at least for battery production, either EV or storage in reality.
SC Markets analysts recently said demand will grow this year and prices will rise. Lepidilote is very expensive and damaging to the plants to process.
Ganfeng at a recent CCP confrence said li prices have to rise and stabilise to ensure supply.
Me ,I aren't losing my shit re current situation with CXO, IMO was a smart move to stockpile during the dry to be able to be sold sduring the wet, wet last year stopped the mine, some sheeted the issue to SB time with not proper banking on the walls. don't know ,wasn't there, but NT has a wet every year so not unexpected, if li prices were higher now GM etc would probably be being congratulated on stockplie for wet and the underground pit would probably be being brought into production. These prices have caused some issues around the markets, I hold a bit of SYA also, another mine producing but.....
any way enought for now. sit back and wait.

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"seen many posters come and go , should have gone myself at around the $1.80 ish mark."

"average price 4.4c so still in the game."

"These prices have caused some issues around the markets,"

brilliant .. what a great Post, made my day..

an average in of 4.4c you've still got quite an spectacular profit there it's not too late to actually take something off the table..

have a great weekend

CXO Price at posting: 18.0¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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