General Discussion - LIT

I first bought into this back in 2018 when it was still Lithium Australia, and I’ve followed the story ever since. After holding through a lot of the ups and downs, I exited in September 2022 when things didn’t look like they were going to turn the corner.

Now, after 7 years of watching and waiting, I finally feel there’s a reason to re-enter. The latest developments — the shift into battery recycling, progress on their technology for lithium extraction and refining, and the renewed focus on LFP materials — are starting to look more commercially grounded than some of the earlier blue-sky promises.

Yes, it’s still a micro-cap, yes, there’s risk, but for the first time in years I’m seeing a pathway where they could carve out a niche in the circular battery economy. The placement earlier this year gives them breathing room, and if they can execute on scaling recycling and commercialising LieNA, then the current price could be a very interesting entry point.

On the chart, the stock has been carving out an emerging uptrend channel, with higher lows since August and resistance sitting around $0.015. A break through that level would confirm momentum and open the way for further upside.

This feels like the moment where patience finally pays off. After years of false starts, I see the foundations being laid for something much bigger — and I’d rather be back in early than watch from the sidelines again. DYOR