Now, that's very cute...
The cutest part in your post was PLL took the risk and had vision.
Mate, take a good look at PLL's board, does it ever seem to you that they have any vision?
How is that North Carolina project coming along? How many millions have KP and his band wagon blown on the flopped project.
Typical, investment banker mentality...bet on 4 projects, maybe 50% of those may yield some sort of profits or maybe not...hahaha
From the letter released today;
"According to the terms, the SC6 pricing will be determined by a formula-based mechanism linked to average market
prices for lithium hydroxide monohydrate throughout the term of the agreement. The pricing received by Piedmont
under the agreement with Tesla will be determined by market prices at the time of each shipment"Now, get a good understanding of how the highlighted part in red, is going to play out in the future.
Look at the trends.
I will give you a small example just to understand the depth of the problem. It's more of hypothesis than an example.
Let's say, China increases interest rates, which is highly unlikely, but you just do not of what this (China) hermit kingdom is going to do next.
You see, to my understanding US is going for a kill by trying its best to weaken the Yuan.
And with collapsing Chinese real estate market and slowing manufacturing and mounting debt levels, China will or cannot keep cutting back interest rates.
So, my take, within next few months China will/should start increasing its interest rates. And I am not an economist but that will be the wisest thing to do. So, what would happen in that case? Well, most of the commodity's market should be dragged down if that was to happen and Lithium sector will be no exception. Say, what if the lithium SC6 and carbonate and hydroxide (56.5% battery grade) loose say 30% or 35% of its ongoing value?
what then?
Take a look at below:
Things can get too crazy in no time.
Take care of your investment.
Good luck mate!
- Forums
- ASX - By Stock
- General Discussion Topics
Now, that's very cute...The cutest part in your post was PLL...
-
- There are more pages in this discussion • 59,370 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYA (ASX) to my watchlist
|
|||||
Last
2.7¢ |
Change
0.004(17.4%) |
Mkt cap ! $277.9M |
Open | High | Low | Value | Volume |
2.2¢ | 2.7¢ | 2.2¢ | $1.380M | 55.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 950660 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 4484315 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 950660 | 0.026 |
17 | 4448419 | 0.025 |
20 | 7800858 | 0.024 |
13 | 6010651 | 0.023 |
40 | 6109025 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 4484315 | 19 |
0.028 | 6003555 | 19 |
0.029 | 3878676 | 15 |
0.030 | 15239372 | 31 |
0.031 | 11508445 | 6 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |