No one knows that, everyone thought this was cheap at 50c, let it play out and let the market act then you react. Price predictions are a fool's game. On a technical front lithium needs min 6 months to set up and surely we will see a much better 2025. But it's not going to be a V-shaped recovery after what's happened. Also, no drilling hasn't helped us, with the cash spent by this company, they can't progress like they want to. It's Patience, unfortunately. If you believe in the future of Canadian lithium then buy more GT1 as it drops and have a long-term outlook. The cheapest EV a stock can trade at is impossible to answer, this can trade at zero or negative, and anything is possible in a bad market.
People look at the negative but also again if you believe this is buying time. The reason I say this could go lower is because it's worth nothing ( at spot prices as they are right now). That will change, and so will the market but we have to be patient with Canadian plays. The bigger question is why are people not buying at these levels? why are funds not picking this up? IMO there need's to be better reversal signals, they always come but you have to wait, Let the market act and the reversal with be obvious then you react.
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Last
9.3¢ |
Change
-0.002(2.11%) |
Mkt cap ! $29.92M |
Open | High | Low | Value | Volume |
9.7¢ | 9.7¢ | 8.9¢ | $18.25K | 201.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10989 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10989 | 0.091 |
1 | 260000 | 0.090 |
1 | 95759 | 0.089 |
3 | 80227 | 0.088 |
3 | 73057 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 100000 | 1 |
0.095 | 100000 | 1 |
0.097 | 9066 | 1 |
0.099 | 100000 | 1 |
0.100 | 196021 | 1 |
Last trade - 15.42pm 02/09/2024 (20 minute delay) ? |
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GT1 (ASX) Chart |