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Thanks TA to explain. I couldn't work that out. By the way i am...

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ND04

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10/05/17

13:23

Post #: 24596274
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Originally posted by TheArchitect ↑

We?

It means that China is wanting lots of lithium including Brine and they were wanting according to Michael Langford (who is highly connected within the Lithium world and China), to add 30,000 - 40,000/t of Lithium Brine

This deal fell through so they will have a shortfall that needs to be filled for Lithium Brine.

Not saying RMX is going to end up filling that as they are still in exploration but if they prove up results and that the lithium brine is there for production levels as they claim, then they could find themselves a deal done for future supply, which is obviously the aim given they have said they believe Red Valley has potential lithium brine supply and quality for production, but we still wait and see.

Michael has stated Lithium prices will see a rise from July to September due to shortage and increase demand from Chinese lithium battery manufacturers, they already have in recent weeks, but due to climb higher.

RMX need to get that brine out of the ground pronto

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Thanks TA to explain. I couldn't work that out. By the way i am one of ur follower and this is d only stock i m holding in. As a start in share trading. Appreciate your posts

RMX Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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