1. Macro Sentiment: Down, looking bearish
2. Sector Sentiment: Lithium Carbonate price is 52 Weeks Low and looks like trending below, price discovery phase for stabalise.
3. Equity Sentiment: GSM.asx Waiting for results by Mid to late October 2023
My View:
I see 3 scenario by 15-25 October 2023
Scenario 1 - Low/ No Lithium
50% down to 2 cents, Market Cap = $ 3.5 Million
Scenario 2 - Medium Grade Lithium similar to WC8
8-9x up to 32-40 cents, Market Cap = $64 Million
Scenario 3 - High Grade similar to AZS
20x up to 80 cents, Market Cap = $$150 Million
*** For Base Reference Purpose ONLY ***
Market Cap of AZS = $1.15 Billion
Market Cap of WC8 = $260 Million
1. Macro Sentiment: Down, looking bearish2. Sector Sentiment:...
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $3.352M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $15.52K | 1.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 479613 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1438184 | 4 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
0.001 ( 13.6 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.3¢ | 1.1¢ | 868034 | ||
| Last updated 12.44pm 17/05/2024 ? | |||||
| GSM (ASX) Chart |