LTH since 2017, just tipped in again (out of the mortgage offset)
My rationale
External factors:
-rising lithium price, including forecast upgrades
- market uncertainty regarding U.S. debt ceiling (risk, but also provides a depressed market to buy into today)
Internal:
- observing an exit of shorts
- long sideways accumulation period
- sya producing, will provide income to cover fixed and variable business costs
- forward looking announcement's (reward of good outweighs risk of delay or poor announcement) including Moblan feasibility, sale of spod, just to name a few.
I'm 31, the risk of losing money now if things go south can easily be covered over my working life and I'll still be doing what I'm doing. But the benefits of the upside is considerable.
5% offset, I'll see benefits at anything of ~10% gain for a year
To each their own regarding what risk capacity they have, but it looks good to me.
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Price($) | Vol. | No. |
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0.033 | 6723561 | 24 |
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