I mean it’s a cycle. They bought ESS at the top and now lithium is at the bottom of its cycle. Curently over supplied thanks to MIN PLS IGO and Albermarle. With most lithium mines making a loss projects may get postponed or closed down like CXO and one of MINs mines.
The lithium market can change pretty quickly. Aslong as they build cash they can slowly drill and do feasibility to see how to approach it.
Id trust in the management of this company. Did he buy at the wrong time? Yes. But it’s done now. Can still make the most of it.
I mean it’s a cycle. They bought ESS at the top and now lithium...
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Last
$2.19 |
Change
-0.060(2.67%) |
Mkt cap ! $594.4M | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.29 | $2.17 | $1.364M | 613.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3846 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 4808 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| DVP (ASX) Chart |