Well that was bang on.Buyers have completely thinned out....

Well that was bang on.

Buyers have completely thinned out. Breakdown today to 8c on rising volume. This breakdown now directs our attention to the monthly chart - should this last week close out with a bit more volume and a close at or below 8c, then 6-7c becomes highly likely, but probably not before a slight pullback next month.

This week is an important week for the company. IMO a very strong update may be enough to bring some buyers back to hold the price up to weather the terrible lithium sentiment for the foreseeable future. Can't see why there'd be any excuse not to show us huge gains on production if they've told us the major bottlenecks have been resolved.

An update on 10ktpa engineering reports would be nice... as the market already expected these to be completed last year. And it goes without saying, the years-overdue offtake with a tier 1 in the EV/battery supply chain would be a godsend right now.

Saving a little cash from EOFY liquidation of my dud stocks for a 6c buy in AGY should it continue falling. Then again our Canadian friends in spod are looking very enticing and arguably becoming the best value lithium play on the asx the further that one drops. First-world problems having to make a decision.

Updated daily & weekly chart below, also included the now important monthly chart.

GLTA.