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14,163 Posts.

8616

03/08/19

11:51

Post #: 39843247
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Originally posted by asb83 ↑

Lithium stocks got beaten up badly again last night in the US. SQM pummelled 2.5% to a fresh multi-year low, Livent pile driven down over 4% to an all-time low and ALB and LIT ETF down about 1.3% each. Can GXY put in its own multi-year low next week? The lithium story is unravelling with great pace.

The good thing about the current situation is that funding for new projects has dried up and smaller projects are struggling for relevance. That means that if demand does increase, it could catch up to supply at some stage and given the lack of funding for new projects, the major lithium players will be in a good position. GXY will always be a second or third-tier player. That's why I don't see it being a TO target. TO targets are tier-one assets. They are your Mt Marions, Mt Hollands, etc. GXY doesn't have an asset that someone would look at and go, "Hey, I really want that!".

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“If demand does increase”

...indicates your perception of disruptive transformations

Sorry pal, but it is not if but when.

Regardless of what any of us say, it is happening now and there really is no stopping it.

GXY Price at posting: $1.24 Sentiment: Buy Disclosure: Held
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