Stockrock,
China is a new player but rumours currently that they are producing sub-standard quality LiCO3 from their developmental technology producing form Mg:Li ratio brines around 88:1.
Mg is the most deleterious contaminent to LiCO3 production. Bolivia has ratios around 22:1 (which is why they were talking to ADY about their technology), ADY has about 8.6:1 and the proven producers like SQM and FMC are producing from brines with ratios more like 2:1. ORE has "confirmed low" Mg:Li ratios like the best brines, I don't know but am guessing around 3 or 4:1. The world will be screaming for proven brine production sources, especially outside of China and Bolivia for obvious reasons of resource security.
Notice the professionals at work today! Just bot trading away with lots of little buys sitting just under the ask for accumulation and occasional nibbles upwards to try keep up the momentum. This is how you gotta play to build up volume of an illiquid stock without scaring the natives. We all should of played it that way last week...lol
The brokers don't want to get in and move the price before they get set. In fact before they wont even do a write up for their clients without knowing how to get their clients set and how to get a piece of the next placement. Trouble is the next placement is a very long way off and post JORC. My guess is there won't be any stock write ups but the brokers and privaledged few clients will want to work away and load up themselves before later in the year when the fireworks start. No point making song and dance about an illiquid stock that can be run up double with a few big buyers if your not set now is there??
At this juncture it looks like position preservation is more important than trading cause it can jump 5c with any one buyer and maybe never come back. Hold on to your stock tight.... they ain't having mine.
Goodluck
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