Anyone who feels down regarding SP, that's exactly the aim of shorting. To get you to sell.
Suppressing prices means no new mines will come on line, supply tighter, demand higher, will cause even higher prices. Usage is now three times higher than 3 years ago and climbing even faster. Supply still struggling to keep up.
The company has $140m in bank, a working mine and next shipment is next month. Expected run rate 165-185kt/ year, current contract pricing $6000/t plus. ( price is set per qrt not monthly as many think). 20 plus years of life and growing. 90% of tenements with lithium pegmatites not yet drilled. There are also other minerals. Shorts will not get even 1 share from me. The world need to increase production 130%/year for the next 7years. The existing mines haven't been able to increase 100% in 5years. You can do the maths. Beans, rice and potatoes can be my diet but surely I will be richer in the face of shortsellers. No one person nor event can stop the world transition to battery storages.
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Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
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32 | 1450852 | 10.0¢ |
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18 | 762294 | 0.099 |
13 | 538723 | 0.098 |
12 | 648792 | 0.097 |
14 | 866343 | 0.096 |
Price($) | Vol. | No. |
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0.110 | 2396206 | 46 |
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