Very well put Loop.... I'm in almost an identical position.... except sitting on a 80% something loss atm as I averaged up all the way to the highs, dollar cost style and missed out the previous divies apart from WIN.... But I have compounded my losses there too unfortunately.
Holding pattern on both for 6-12 months at a guess but I do believe the future will be bright as long as they can manage costs in the meantime and have some luck with commodity prices.
For those interested both Min Res and Albemarle have both recently conducted auctions similar to Pilbra's BMX auction and received prices well north of the current ( manipulated or not depending on what narrative you subscribe too) china futures market prices.
MinRes achieved a price of $US1300 ($1993) a tonne on a 6 per cent spodumene concentrate basis compared to a spot price of around $US1075 a tonne.
From memory Albemarle achieved a similar price.
Both of which point to another sign that hopefully the floor in the Lithium price for this cycle has been reached and we are crawling our way back out of it.
Happy Easter all
NMT Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
