"The challenging conditions may last for some time. UBS Group AG this week predicted that the lithium market would be in surplus until at least 2027 and reduced its price forecasts by as much as 23%. “While we note some supply is being deferred, it is not enough,” the bank said in a note."
I tend to think that WC8 should turn its attention to Bolt cutter & Mt Adrah gold tenements. The problem in this depressed Li environment is our good news isn't getting us traction. We are hoping on a takeover or deal. MIN is encountering its own issues atm.
I'm still a holder, and optimistic but realise that we will be waiting a potentially long time for things to come to fruition. The shareprice won't hold on an irregular Li heartbeat. We need to start diversifying in the interim to reignite motivation elsewhere while we wait.
GLTAH
WC8 Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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