Sorry to hear that Mentalist123.
I must admit it hasn't been fun watching the share price halve in such a short time.
I guess the only assurance is that it is happening across the board. Most lithium stocks have been smashed.
I tend to agree with you in regards to the board, disappointing we haven't heard much. Hopefully some news soon with Vellas appointment and a clear strategy forward.
Talk of reducing output at green bushes has clearly caused panic with shareholders. But if Greenbushes is in this situation, being one if of the lowest cost producer, then what does this say for all the other lithium companies.
Good article in AFR this morning, perhaps we are at the bottom. Tianqi and Ganfeng both up 6.5 and 7%.
Games being played no doubt.
If prices stay low, future expansion plans and new projects will be delayed, therefore creating a supply deficit in the future.
High cost mines will end up exiting the market.
If you don't need to sell, then my strategy is to continue to hold.
To those that are short, well your day is coming. Yesterdays bounce can show how quickly it can change.
Hopefully that trend continues today.
The share market is one big game. Timing is everything.
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