Hi @Sendtorichie,
Yes the Lithium story has been taking a hit for 2+ years now (see NYSEARCA: LIT sp (quarterly) above). In the last quarter it became as oversold as Jan 2020, the previous low. Now since Lithium Battery technology has no significant contender in sight, this market condition has to be seen in cyclical terms.
Lithium is not an "end-of-life" commodity, and it doesn't grow on trees (eg. Rubber . . .).
So in the near term it really is edging towards "low risk" IMO.It therefore is not a problem that, for all the Lithium exploration expenditure in the last 1.5 years, GMN has made no progress (aka "a discovery announcement"). Time has been on our side. But not for much longer. GMN needs to be there when the markets turn.
It has the tenements ready to go, especially in Lithium Valley.
It has ready access to capital, demonstrated again recently.
To make progress, all that needs to be "discovered" is some agile minds.DYOR and NFA
Hi @Sendtorichie,Yes the Lithium story has been taking a hit...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.67M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $1.536K | 439.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 33738445 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 16760839 | 14 |
View Market Depth
| Last trade - 10.08am 13/09/2024 (20 minute delay) ? |
| GMN (ASX) Chart |