If JP doesn’t have an ace up his sleeve, can’t get finance under favourable terms, and is forced to sell, we’ll be lucky to get half what LPI did at this rate.
I was under the impression finance was already totally sorted out when I invested over $200k here.
It shows you really need to read every ANN very very carefully, and always consider the worst case scenario.
China are shooting themselves in the foot. There isn’t endless cheap DSO coming out of Africa, they don’t have a massive amount of lepidolite left, and at current prices, no non-producing (and very few already producing) lithium hopefuls would be profitable.
When supply dries up, what is going to happen to the price of lithium? Basic economics.
Those who’ve been around a while will know the price will whipsaw.
Chinese processors shouldn’t have gone too far to the other extreme. If they’d maintained a reasonable approach, there wouldn’t be these stupid swings in price.
I’m banking on the lithium price whipsawing again, lessons to be learned, and a more stable Li price from 2025 forwards.
Otherwise my 400k shares will be worth jack dish…
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