The majority of the lithium sector took a hit today.
I posted this in another LRS thread:
In September, the AFR published a story on why lithium producers should be invested in:
http://www.copyright link/business/mining/...-to-buy-asx-lithium-producers-20170914-gyhysv
Four months later, the AFR are suggesting spodumene (processed into lithium hydroxide and carbonate for batteries) price will peak in 2018:
http://www.copyright link/business/...ak-as-australian-exports-soar-20180115-h0ihps
The EV revolution is not magically going away. I'm holding options and will continue to do so. I suspect the heads will consolidate between 1.2 and 1.7c for a few weeks.
LRS chart, page-29
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18.5¢ |
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Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
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| No. | Vol. | Price($) |
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| 2 | 144143 | 18.0¢ |
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| Price($) | Vol. | No. |
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| 18.5¢ | 2098329 | 16 |
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| LRS (ASX) Chart |