Lithium has seen 2 booms and 2 bists in the past 6 years. Ot may rise over time with the bottom this time round around looking to be around 2x the previous low.
Best to acknowledge that this is a cyclical market and not a straight line up.
Rio is willing to pay it forward likely 2, 3 or 4 years in waiting time for lithium to recover. Rather be happy, take that money if you are still a lithium fan and enjoy the possible ride in the lithium market in a different company. There are a few options available. In this way Ruo is actually helping you to compound your money by paying a pretty decent price(double the recent bottom). I'd have been elated if I were an LTM holder and given this opportunity. If you believe in the future of lithium, then you must belive that you can double your mony(that Rio jist doubled) somewhere else. So in stead of 2x at the nexy top, you can have 4x your money of just a few days ago. What is there to be unhappy about? If you didn't sell at $17, then too bad. The market was paying less than $4 just a few days ago.
Anyway, hope this cheers you up a bit. Personally, I'm done with lithium. I was sold on the idea of a lithium shortage, made some pretty good money 2022-23 in PLS, but think I just got lucky. So, for me best to leave lithium alone so that it can do its own thing. If Ibstill did belive in the lithium market, then I would jave been happy to take Rio's money and wager it for a double up somewhere else, but I dont think the current lithium bust will be the last one. Play the ups and downs.
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