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07/09/21
08:10
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Originally posted by Skywatchers:
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EFE ran hot yesterday, and so far looks to open above close. MC jumped from 10 to 21 million MC on partnership with large Chinese company that has experience in lithium, they look to acquire and develop lithium projects with EFE and customers like TESLA on their books!! Yahua Group is one of China’s major lithium hydroxide and lithium carbonate producers, with existing operations of a 43,000tpa refinery for lithium carbonate, lithium hydroxide and other lithium products, and is in expansion for a further 50,000tpa of lithium hydroxide and 1,000tpa of lithium metal by 2025.Yahua Group has a strong customer base including Tesla, BYD Auto, Zhenhua E-Chem and Sinopec. Yahua is a wholly owned subsidiary of Yahua Group, and is a vehicle of Yahua Group engaged in investment. Yahua is a major shareholder of Core Lithium Ltd, and a major offtake customer of Orocobre Ltd (Previous Galaxy Resources Ltd).
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EFE Daily chart indeed bullish, but becareful for those consider buying around 3c this morning given RSi upwards 90 on the 60min TF and high 80s across the other smaller TF so could PB any moment .
Last edited by
Jnnl :
07/09/21