This stock is solid. If it can hold the SP when a fund manager drops over 90mil, that is incredible. Their loss our gain - all we need is strong demand and or list price per ton to increase in the coming months and its BOOM.
Watch for these markers -
1. Spod price to go back up to 500-600 USD per ton..
2. Spod shipments to meet or better December 2020.
If this happens, it means -Brine stock piles are drying up putting upwards pressure on list price. Meaning upstream demand will turn to spodumene to secure supply
NOTE: it takes at least 18 months for the brine mines to produce carbonate using the evaporation technique. Actually - it can take several years!
This is great news for spodumene investors.
Good luck to all holders.
This stock is solid. If it can hold the SP when a fund manager...
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$2.97 |
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Mkt cap ! $8.938B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1098 | $3.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.71 | 2750 | 1 |
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