Agree. Better to buy a company that is producing and selling. Like any other commodity lithium has retraced a fair bit, and the speculative and high cost producers will find it a bit hard to continue with production or future plans. As I have mentioned before the whole lithium extraction process is a complex and we are now possibly close to name plate after a year of production with recoveries still not as expected. Its same with PLS hence good luck with anyone trying to punt with a specy lithium. Finance is going to be the main issue unless some big miner comes and buys the resource and sets up the mine...
The last thing you want to do is buy a specy on the top the cycle like LTR...we have already seen the retracements in AVZ and AGY....Anyways as long as we keep shipping we should be good and waiting for managements next move with SS...This may be a game changer for AJM...
Good luck holders..
All IMO
Arjay
AJM Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
