PMT

4.30%

44.5¢ patriot battery metals inc.

Ann: Patriot Extends Vega Zone with Standout Intercepts, page-28

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boerse

292 Posts.

115

09/07/24

20:07

Post #: 74678961
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Originally posted by SugeKnight: ↑

It makes me genuinely sad to read your comments. Im sorry to hear about your losses

When investing in single commodity companies you need to pay close attention to whats happening in the space

The price of Lithium has been falling daily / in a downtrend for a very long time now. It's important to pay attention to trends

You can keep track of the chinese lithium futures here http://www.gfex.com.cn/gfex/tsl/sspz.shtml

SMM spot price here https://www.metal.com/Lithium

Also see Platts commentary, and maybe stay tuned with new broker / analyst reports about lithium

The price of all lithium stocks have been going down. Some at their 52w lows and some making new 52w lows.

This includes the big chinese lithium stocks (Tianqi and Ganfeng). The big US listed ones are also doing just as bad (ALB and SQM).

Some have been falling more than others for various reasons, but ultimately, the sector is in the toilet

The good news is this is probably / potentially around the bottom. The bad news is it might need a fair bit of time before we see an upwards movement in lithium prices (although we're all just guessing and things can change really quickly). Most analysts expect lithium prices to increase in a few years. But their forecasts are always changing so best to keep paying attention

Take it as a learning experience

Sometimes when I'm in a bit of a pickle and I spot a new opportunity I find that it works out better to switch into that new opportunity, rather than sit and wait (opportunity cost). Im not saying i would recommend to sell, im saying to keep motivated and keep your eyes open for any new opportunities that may arise. But becareful, you dont want to flip flop around and potentially lose more money

Best of luck to you

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Thank you SugeKnight. Your empathy is much appreciated. And regarding a learning experience. My situation now won't allow me to have another opportunity to become more proficient in this field.

Last edited by boerse: 09/07/24

PMT Price at posting: 50.0¢ Sentiment: Sell Disclosure: Held
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Last 44.5¢		Change -0.020(4.30%)		Mkt cap ! $264.9M

Open	High	Low	Value	Volume
45.5¢	45.5¢	44.5¢	$678.8K	1.508M

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No.	Vol.	Price($)
14	283330	44.5¢

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No.	Vol.	Price($)
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0.450	6560	1
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0.465	124000	2
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Ann: Patriot Extends Vega Zone with Standout Intercepts, page-28

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