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clock Created with Sketch. 19/08/23
15:55
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Originally posted by Sdaji:
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Usually it's interesting, worthwhile or sometimes even fun to look at charts and get an idea of what's going on. Some people exclusively look at charts and ignore FA, but at the moment given the fundamental situation I think it's fair to say we're not going to see any upwards movement until we get positive news and until then we're just going to sit flat or fall further. Sure, we may go back up to the high 20s or perhaps even retest 31c; we're ridiculously cheap at the moment, but the market is always cautious and currently highly sceptical while also disinterested due to a low Chinese lithium spot price (and the spot price actually relevant to use isn't so wonderful either), so there isn't going to be buying at higher levels until the company gives it reason to do so. We're just treading water hoping each floor will hold as long as possible in the mean time, while waiting for production news or the permit.
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Hear me out…what are your thoughts on whether a local major miner would approach a firm who can manipulate a much smaller companies’ SP to a more palatable level for takeover?
