PTW , agree re lithium recovery and this is a good stock.
However what is the bottom for LTM and price of lithium?
Currently on tradingeconomics site 93500cny/t.
Galaxy fell to about 70c when lithium price fell to 40000cny/t.
I recall a poster being mocked for panicking when LTM fell from $16 to $13 and sold.
Also $16 corresponds to about the lithium price peak of 600000cny /t.
What is a sustainable lithium price?
I ask , because I have no idea , I do not hold and am sure I will miss the bottom , re optimum timing.
I think lithium miners SP still have a way to go , re impact of revenue and profit reporting results.
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3 | 10148 | 3.540 |
1 | 2237 | 3.530 |
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7 | 6992 | 3.510 |
Price($) | Vol. | No. |
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3.600 | 7465 | 3 |
3.610 | 2237 | 1 |
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