If you believe the Lithium story but are unsure of which Lit play is best then hedge your bets on the Global Lit ETF.
Your investment will be diversified across the major players in the lithium and battery space.
Although it's plain to see from Fids chart that we follow the Lit ETF very closely.
So I like to think of AGY as a leveraged instrument to get on the next lithium run.
When that run is anyone's guess but you can load up with a lot more shares trading around 7c than buying into the Lit ETF at $24 so for me it's a no brainer!
Obviously there's more risk investing in a single junior but the upside potential is much much greater so choose an investment to match your own risk profile.
Also take into account the near term catalysts that could very well see AGY spike up away from the Lit ETF...
That said, it's the long weekend and looks like it's beer o'clock. Enjoy the break people!
AGY Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
