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clock Created with Sketch. 14/03/25
11:34
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Originally posted by BlackElk:
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I know nothing of the above company or its position and stage of development at time of sale in 2021, but if memory serves correct Lithium prices peaked from some time in 2022-23, fetching over 8000$/tonne for sc6, so if the company was sold in 2021 it preceded the boom. The writing on the wall at that time should probably have been that undersupply was coming/continuing so it may be in shareholders best interest to develop the mine... but no one had predicted prices would spike high as they did in the following couple years either. It takes quite some time to get a Lithium mine built and up and running to nameplate production, and costs are almost guaranteed to blow out, and things need ironing out along the way. How successful it would have been considering prices have dropped to the 800$ range today, and how they could weather current conditions are questions to ponder I guess, but everything is easy in hindsight. With the way prices spiked they potentially could have acquired extra funds just from selling DSO at the time.
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you made a key point there:
(20min delay)