the entire lithium market in australia is being shorted, not just poor little us!!
if you look at the SP curves over the past 12 months of all the major lithium players in the ASX you will notice something very obvious, even a 12 yr old can figure it out.
WHEN we ship product, this wont change sentiment.
the market has bought the MACBANK expertise that there is a lithium bust before the boom hits!
the ONLY thing that will change this downturn, across the board (not just us), is when BUYERS start demanding more lithium.
its also been pointed out the lithium prices dipped 15% lately.
it's not rocket science.
trend lines are clearly down......... do u think otherwise????
GXY Price at posting:
33.0¢ Sentiment: Hold Disclosure: Not Held