One only has to look at the number of Lithium producing...

One only has to look at the number of Lithium producing companies either reducing production, or going on C&M to see the reality of the situation. They are realizing that producing at these low prices, is shortening the life of their mine for almost no return. Read GXYs last report, for verification of this.

I am dubious about any huge sustained price increase in Lithium, for a long time, if ever. New technologies are reducing the demand for "Battery Grade Lithium" even more. I observe Rallycross is using 8-1-1-1 batteries. (Williams technologies) Look them up if you are a car nut like me. The little buggers really go.

I hope most of you have been reading about supercapacitors for automotive use. The Carbon-ion battery is close to ready for production. It could possibly reduce to demand for Lithium even more. They may be used in Rallycross, shortly. BTW. Spherical graphite/graphene (Hazer process) is essential for Lithium batteries too, so it is not a stand alone technology.

I worked in Electronics (engineering side) for 30 years. In that time, I have seen so many technologial developments, happen so often and so quickly, that it makes any high-tech investment a pure gamble. Look at the number of car-companies, and component manufacturers which went to the wall, developing the ICE vehicle to the present state of the art. I would imagine, in a century's time people will look back and see similar wreckage.

A succinct descriptionof an oil-well = a hole in the ground into which investors throw money. Put simply; More money changes hands across the bourse, than ever comes out of the well. A lithium mine might fit the same description.

Good luck to all you Lithium investors. I do sincerely wish you well. My GXY shares owed me $1.53 So on the recent price upswing, I took my loss and got out. It may annoy some, to know that I invested in an Oil Company, and I am already in profit. After all. why does anyone invest? Not for ideology surely, but to make money?

Regards....Marum.