1MC 33.3% 0.2¢ morella corporation limited

@surajt87 this year has been a stinker for all Lithium stocks...

  1. 3,314 Posts.
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    @surajt87 this year has been a stinker for all Lithium stocks pretty much (are there any exceptions?), so there are going to be people firmly in the red right now, so I understand your frustration. But we've all felt that as holders - I was so pissed last week to see it at 18c, bewildered, exasperated etc, but you have to remember that many of the big money houses intentionally manipulated public fears of oversupply this year, before sticking their snouts into the trough and gorging themselves on Lithium shares.
    I try to think about how AJM, as an early mover along with the likes of PLS and GXY are tied to this global revolution in energy storage which is set to play out for perhaps far, far longer than any of us realise right now. It potentially a transformative period in human history away from the combustion engine - what a unique opportunity that presents us all.
    AJM has also had issues with their off take partner that has acted like a lead weight around it's neck - a double slap down. Wth that now lifted, and Ganfeng signing on, it's almost a best case scenario.
    It's harder at times to think long term - we want immediate returns and gratification, but I'm parking the bus on these holdings, along with my PLS and others. I expect to be handsomely rewarded in the future.

    PS, there is a gap in the chart now though. That may fill before anything else happens.
    Last edited by Zenzen: 11/11/18
 
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