I like your style meerfa. Averaged down considerably myself and ready for this to go 10c and beyond over the next 6-12 months easily. Regardless of dilution (we all know it's there and consolidation is inevitable) this stock was the most unloved stock for 2 years. It now will become the new darling. Hang on to your hats as:
1. Costs slowly reduce further
2. Profits increase with LT iron ore technicals and fundamentals pointing to higher IO prices.
3. Debt paid off within 12 months.
4. IO cash cow WHILE Lithium is explored.
5. Near PLS, potential for JV in future?
6. Utilisation of existing infrastructure for Lithium (to some degree) is probable and an advantage to other Lithium players who have nothing but a resource in the middle of nowhere.
Show me another money making icecream machine with Lithium cream on top for taste?
Shorters if haven't yet covered are about to develop a rather large hangover from the greed of writing off Aussie IO players who are still at the top of their game. Wounded, but up for another 12 rounds.
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