With the turnaround coming in lithium sentiment, this should be a good week for all lithium stocks (Mainly ones with a resource & drills).
It seems the contango effect is taking place. This was triggered by the possibility that 20% of China's internal lithium supply is about to vanish due to the speculation that the Jianxiwo mine will shut down. There is also the fact that a lot of mines are being halted to assess their environmental impact, which would affect short-term spot prices (Maybe even medium-term if they need to revamp themselves).
Hopefully, the LTH price trend continues, as this could be perfectly timed for RDN!
Let's also not forget about our other projects and gold prospectivity!!!
GLTAH & DYOR!!!
With the turnaround coming in lithium sentiment, this should be...
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Last
2.4¢ |
Change
-0.001(4.00%) |
Mkt cap ! $65.25M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.4¢ | $30.25K | 1.240M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2429711 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 1228140 | 9 |
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| Last trade - 11.15am 25/07/2024 (20 minute delay) ? |
| RDN (ASX) Chart |