Hi all.
After becoming a bit concerned re the price spike in Lithium and our batteries I did a bit of research. From what I can find, no need to worry.
The amount of Lithium in a battery is actually small and doubling in price doesn't make much of a difference. It actually seems there is more of an issue with possible Cobalt shortages, but once again, that wont cause great concern for VMT.
Heres one relevant article: http://www.wallstreetdaily.com/2015/01/13/cobalt-electric-car-battery/
There are lots of articles out there to read.
Interesting that todays VWAP on VMT is up to 23.71. Earlier in the day the sell side looked very thin and I wondered what is coming?
Batteries
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13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.45M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $4.104K | 30.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 52192 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 71489 | 1 |
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| Last trade - 15.23pm 30/07/2024 (20 minute delay) ? |
| VMT (ASX) Chart |