feel sorry for all those holders of agy who listened to the up rampers on HC.
cheapest producer blah blah blah.
they produced but had no buyers. Only recently did they announced an offtake agreement.
now mine is in care taker mode.
Just like other dreamers on cxo.....takeover....too small. stop dreaming ..... be more realistic ..... and stop reading the uprampers on here.....
Only efficient producer is LTM and surviving is PLS.
Even, these 2 stocks, i hope they can survive the low Li price for a few years to come.
As long as jhina property debt crisis has not been resolved, Li price will continue to drift lower. And the latest news, is that jhina cannot find a solution nor the right policy to ease the debt crisis, which on my estimate affects between 300m to 450m pple.
imagine 450m pple out of debt in jhina and buying EVs..... So the only number you need to track is jhina property debt and the number of pple affected. The more property the govt can help complete, the faster the eco can start growing again and more pple can sale out from their debt and the quicker Li price will pick up. The western world and the rest of world is not taking up EVs as quickly and to the same amount as jhina.
AGY Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
