Ann: More Wide High-grade Lithium Intersections at BP33, page-19

IMO we need 3 things:

1. Morgan Stanley to back-flip or at least upgrade their view/position on lithium.

This is important because I would think many would attribute the start of this 7 month sector decline to MS damning oversupply report (a report mostly based on SQM ramp up which many analysts have since argued and disagreed with). If MS were to change their outlook, i think it might go a long way to helping the sector recover.

At this point in time, the heavy hitters that seem to have a positive lithium outlook are:

Goldman Sachs
Credit Suisse
UBS
JP Morgan
HSBC
Citigroup

Those with a negative outlook:

Succubus - I mean - Morgan Stanley
Bank of America - Merrill Lynch
Deutsche (who went from bull to bear after SQM ramp up announcement)
Macquarie (who look like they went from bear to bull to bear...they are like a transformer robot )

2. More important than MS and the other big fish IMO is what is happening in China.

We need China to stop driving prices down with this battle for market share in the domestic market. I can't see this battle happening for long...there comes a point where you start selling too low and you will start losing money. We need the Chinese domestic market to bottom-out, so that consumer demand, buying and lithium prices can then increase, which will lead us to...

3. Trend change.

Once the trend changes and lithium is hot again, once another lithium wave surges, hopefully it won't be long until lithium stocks are back to their January high's AND THEN SOME!

Below is a link to asianmetals lithium categories, and the performance breakdown of each category over certain time periods:

WARNING! If you do not like the colour red then this link isn't for you The performance percentages have been red seemingly forever

http://www.asianmetal.com/LithiumPrice/Lithium.html

But once these start turning green again, coupled with metalbulletins trade logs showing a number of consecutive weekly price and volume increases, I'm hopeful that these will be signs of a trend change.

I'll be watching!

Speaking of trend changes and lithium waves, I've been looking at some 5 year charts of some of the older Li companies (CXO, GXY, ORE, AJM, PLS, KDR, BGS, SYA, MIN..), all went on a run in April '16, then again September '17...time for our '18 run i think!


All IMO

GLTAH

I've also been reading that some of the really big Li players have been under attack by shorters, with shorts making up to 10-20% of daily volume on some days... Although it doesn't affect us directly, you would think that if the really big players of a sector start to trend one way, the little players may just naturally follow... 100% IMO and speculation, but nonetheless I will be happy when the shorter's have disappeared