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Great post AC!!! I love your analysis...."A $400m AUD investment...

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GoLi

250 Posts.

30/08/16

18:44

Post #: 18802347
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Originally posted by airconditioner ↑

Hey Deano.
I like your posts and feel free to call me out.
But we looking at things differently.
You're swinging and day-trading. I'm holding and buying.
Haven't sold a share.
I worked out a while back was that day-trading and swinging wasn't for me.
What I had was a talent (if I do say so myself) for stock picking and when to buy but I always jumped out way too early. I'm playing this one differently.
I'm going to let this run and run.
Then possibly look at selling 10% of my holdings per year after its valued fairly as a 3 asset producer.
Or just take the dividends if they come along.

You're right - a stock can be seen as the sum of the people that are invested in it.
But that isn't everything. Hot Copper has only a very few of the many holders of this stock.
I talk regularly with a couple of long term holders who know far more about the lithium world than me. They have absolutely no interest in this forum. They buy this stock because they like what they can see coming. They know far more about China than I do. One of them is trying to source batteries right now for a new business idea. He doesn't see any lithium pessimism in China.

Please ignore me, my posts and my tortured analogies - I just write it as I see it, from my perspective alone. Haven't got a clue why I bother really but I jump in because I see stupid trash getting tipped over in this place when the company is basically doing the right things.

The real story today is that Tianqi are applying to build a processor in Kwinana, WA.
A $400m AUD investment in lithium by the Chinese is a huge positive sign that there is money piling into the sector from China - and the profitability is large enough that expensive little Australia has become a target for home grown vertical integration.

At 2 years to come into production it proves that the Chinese believe that demand and high lithium prices are here for several years to come. And they are in the best position to know.

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Great post AC!!!
I love your analysis...."A $400m AUD investment in lithium by the Chinese is a huge positive sign that there is money piling into the sector from China - and the profitability is large enough that expensive little Australia has become a target for home grown vertical integration" .

GXY Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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