GL1 1.89% 27.0¢ global lithium resources limited

It amazes me how these industry professionals couldn't adjust...

  1. 1,782 Posts.
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    It amazes me how these industry professionals couldn't adjust their businesses in accordance with the most important factor of their business (The Price of the product they sell). The price has been plummeting Nov 2022!
    GL1's price dump from 1.20 amazes me considering we were consolidating for ages between $1.00 and 1.80, and I thought the $1.00 was our major support. I thought our price was fair in a falling market. Guess I was wrong.
    This lithium sell off mania could have been avoided by slowing down, reducing cash burn and being realistic about the current market conditions. So many of these lithium companies have had their heads in the clouds acting like nothing was wrong. And on top of everything going on now with LTR, those retards over at PLS agree to sell more product to Gangfeng when prices are at ATL's. When the price of something is in the gutter you hold your product at ransom against the person who wants more of it. DONT give it to CHINA for nothing you spastics.
    Lithium need their own version of OPEC to control the price away from china. The sector needs to work together.
    Last edited by Snow123: 22/01/24
 
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