Ann: Response to Media Speculation, page-214

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Far Away Red

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16/08/23

15:06

Post #: 69373482
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Originally posted by deserthead: ↑

Somebody willing to have a reasonable conversation without the hyperbole.

gaucau, the key to really successful investing is discounting the future. Lithium has seen its better days and supply is exploding. Why does anyone think the price is dropping like a brick.
Remember uranium back last decade when it began to run there were very few uranium explorers globally and even less producers. Near the end of the uranium run, uranium was the go to sector, and the talk was reminiscent of the lithium sector today.
"The cure for high prices is high prices"
The whole lithium story is so overdone. For one, EV technology is one of the two dumbest technologies I have ever seen. The other being wind turbines. I think the world is going to have a huge wake up call over EV technology. Hydrogen is the future and we are not very far away from major breakthroughs in relation to green hydrogen and hydrogen fuel cells and HCE's.
Regardless what Elon says about hydrogen being dumb technology, Elon is talking his book and Elon will dump virtually all his TSLA position way before people largely wake up.

In relation to the gold sector. It is without question the most downtrodden, hated, and misunderstood sector in the resource space. I buy a sector when nearly nobody wants to buy and all you read is virtually all negativity on the sector. The current situation is the polar opposite with Li.
The gold producers have gone through a very tough period the last decade. They have been forced to rethink, and adapt or sink. A classic example being SBM. Those that have adapted, by a regime of management change, cultural change and improvements to mining, are now sitting in a very very strong position to capitalise regardless whether the Au price continues higher.

Any break in the price of gold to new ATH's, and rest assured it is coming(fourth time is the charm), is going to send gold hundreds of dollars higher per oz. That is just the nature of the beast with gold, as it spend what feels like forever doing bugger all, and then suddenly of it goes and the space of a few short months it makes 50 or 100 gains in price.
The result will be the same, whether price gains 50 or 100%. A bunch of gold producers that have spent the last decade lifting their game, will see profits begin to rise exponentially. Those in ahead of the crowd are going to make astounding profits.

I believe what is coming in the gold sector will exceed 2001-2005 and 2008-2011 and likely be on at least par with 1979 - 1982.

Cheers

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“It is without question the most downtrodden, hated, and misunderstood sector in the resource space. I buy a sector when nearly nobody wants to buy…..”

i think you misspelt it, is it not c.o.a.l.?

AZS Price at posting: $2.68 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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