CXO 1.16% 8.5¢ core lithium ltd

People investing in quality lithium companies are in the best...

  1. 594 Posts.
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    People investing in quality lithium companies are in the best position to weather any financial storm. Clean energy is not the problem, storing energy is. Even the Saudis are chasing clean energy, not to mention the likes of BP and Shell. If not, lakes and rivers will dry up, forests burn, crops fail, extreme weather and temperatures will destroy lives.
    Some people here are getting ahead of themselves. There will not be any dividends soon, the building of plant is not even completed. Stage1 need to be achieved, then stage2(expansion) and then stage3 (hydroxide) converter. The MD has announced leaving by years end. The new management will likely reinvest into stage 2 and 3 before even talking about dividends. The company profit is based on the contract price that it receives, not the spot, minimum, average nor maximum. Just as there are different qualities of oil, there is also different qualities of spodumene and lithium chemicals. Lithium is metal, batteries are made up of lithium chemicals (big difference). 99.5% carbonate or above does not mean battery grade, it's dependent on the impurities within the 0.5%. There is carbonate and hydroxide, then there is battery grade carbonate and hydroxide, huge difference. In terms of EVs, the range is important but so is the life cycles of the battery. It's ability to charge and discharge. The impurities determines this.
    If Tesla pour $billions into mining today nothing will change with output. The Chinese have been at it for the last three years. The Biden announced $trillions, mines still cannot be built in 2 years. Alb and Sqm are the largest producers and are still promising to increase. Min, Pls and Ake are all struggling to increase volume. It's reality.
    If you lose on any stock, you haven't done your homework. If you invest in quality lithium assets you will be rewarded. Don't fight the bots, leave emotions out and take advantage of Mr market when he's drunk and sell shares cheap. Charts are used to manipulate people, self fulfilling prophecies, you believe and then create the outcome.

 
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Last
8.5¢
Change
-0.001(1.16%)
Mkt cap ! $183.7M
Open High Low Value Volume
8.4¢ 8.5¢ 8.2¢ $346.5K 4.135M

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No. Vol. Price($)
5 94612 8.4¢
 

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Price($) Vol. No.
8.5¢ 193499 10
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Last trade - 10.26am 26/06/2024 (20 minute delay) ?
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