Article just released by The Lithium Spot on their take on the impact of the SQM deal :
SQM’s New Deal and the Lithium Market Sell Off
The article concludes with :
"Buying Opportunity: Warren Buffett, one of the most famed investors, is famed for saying “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.” The Lithium selloff could be a great buying opportunity – the key is to look carefully at all producers following the SQM news release. As an example, current Junior miner producers such as NeoMetals (-3.4%), Galaxy Resources (-8.9%) and Orocobre (-3.7%) are all potential options to look into. Likewise, the story for 2018 producers and 2019 producers has largely not changed at least in the near term. Thus, projects such as Pilbara Minerals (-7.4%), Altura Mining (-6.9%), Tawana Resources (-5%), Lithium America’s (-15%), and Nemaska Lithium (-6.15%) might all be interesting plays to look into following the news release. "
I personally believe that if you haven't sold by now with a view to buying back later, it's probably too late.
Do we bottom today, next week, next month/s ?
Article just released by The Lithium Spot on their take on the...
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |