EFE 16.7% 0.5¢ eastern resources limited

the chairman’s address was annoying and put us into a downtrend....

  1. 241 Posts.
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    the chairman’s address was annoying and put us into a downtrend. However the punishment to the sp is similar to other lithium exploration companies who haven’t produced the best results immediately. Check tyx, Aly etc. efe isn’t extreme risk. The entire lithium sector is down at the moment due to macro events. Goldman Sachs have said lithium will be down in 2024 due to oversupply and for some reason people are pricing that into the present. We have results for trigg due mid jan.. ideally the grades will be good. We have thick pegmatites confirmed and spodumene. GS have also said iron will make a return next year, efe have an iron mine they’re aiming to have in production by July.
 
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