..lithium hodlers crying out loud hoping Gina R could come to the rescue to buy their floundering lithium stocks are barking up the wrong tree.
..Gina bought LTR and AZS to avoid them falling into the majority control by foreign companies. She sees it as a patriotic duty.
..she made mistakes buying them at much elevated prices, but that IMO wasn't her real agenda. And there are no good reason for her to look at buying lithium stocks in a hurry now given the prevailing industry circumstances.
..unlike corporate management and private equity where the buyers are using other people's money to buy and do not lose $$ personally, Gina invests with her own money. If you invest with your own money, you are less likely to make stupid risks that some of these corporate CEOs do just to do something to boost growth because their compo depends on it.
..Gina will soon understand that Aussie lithium is NOT Aussie iron ore. Australia's iron ore has a firm hold on its biggest buyer/consumer i.e China (may not be for very much longer too). But not Australia's lithium- it would have been different if we form a symbiotic relationship with China to supply our lithium for their EVs, but that won't happen because we are moving away from becoming too dependent on them. Australia does not have a large domestic market, we have no EV industry, so we have to compete against lithium producers in other continents and have higher operational and additionally shipping costs that makes our long term viability somewhat more questionable when lithium becomes truly commoditised (just a matter of time).
