No doubt it will pull back at some point it’s obvious the price was extremely low to begin with and that it had to increase significantly to make it viable to bring online more projects to increase supply. Don’t forget that it takes years to construct mines and extract lithium, when the price pulls back it will still have to remain at a reasonable price for companies to go ahead with their projects to meet the increasing demand. By that stage core will be well into production banking $’s.
The smaller players still at the beginning of exploration will be the ones significantly affected if there’s a price pullback. For us this will create more opportunity to buyout these companies and further create value for shareholders long term.
IMO
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $309.8M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 13.5¢ | $921.1K | 6.548M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1199370 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.5¢ | 3025488 | 52 |
View Market Depth
No. | Vol. | Price($) |
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18 | 1199370 | 0.140 |
135 | 5938353 | 0.135 |
90 | 3758342 | 0.130 |
36 | 1413638 | 0.125 |
60 | 1750858 | 0.120 |
Price($) | Vol. | No. |
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0.145 | 2850487 | 51 |
0.150 | 3306573 | 75 |
0.155 | 2530243 | 46 |
0.160 | 2467056 | 39 |
0.165 | 1324644 | 37 |
Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
14.3¢ |
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Change
0.005 ( 2.74 %) |
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Open | High | Low | Volume | ||
13.8¢ | 14.5¢ | 13.5¢ | 3031105 | ||
Last updated 15.59pm 09/05/2024 ? |
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