100% agree Munky. I have also noted the increased attempts to shake the tree here by shorters and downrampers to convince some retail holders to sell. They are using all manner of mind games to do this. All the longs here no better and have seen it all before. But for those who are having any doubts consider this:
1/ If you believe in lithium and the electrification of the planet now is not the time to sell arguably the best hard rock lithium miner at the bottom of the cycle.
2/ Anatol's research indicates that China is about to face a demand/supply problem of a large magnitude and it is not the supply glut that the BEOT, the shorters and downrampers talk about. it is the opposite and someone is trying to con us into believing lithium is just going to keep going down.
3/ On the other hand CATL listing in HK was huge, Bezos/Gates are buying Manono in the DRC, EV, BESS sales are increasing and robots are coming and will need even more lithium and China is releasing all sorts of stories about how they have new resources to come online and they are still looking for lithium everywhere. We have just had an inexplicable price and volume jump in LTR which didn't materialise in any other lithium miners. Something is going on, there are too many mixed signals. I suspect others are also playing the long game and want us to weaken to buy our shares cheaply. We will need strength and knowledge to survive this. The long term evidence points to lithium exploding and China being unable to get enough supply to meet its ambitions. Yet others are trying to convince us of the opposite. Lots of games being played and false signals spread. Stay strong. Now is not the time to sell IMO.
4/ Finally, the shorters will hate my post because I believe they are panicking as they cannot get enough stock at a low price to cover. Look at the recent volume. They saw what happened a few weeks ago and know it could happen again. Perhaps some of them have even been given an advanced warning. Who knows but the trading has changed. It could get exciting soon.
LTR Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
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