New all time high, page-499

Look at IGO lithium TLEA


It is exclusive. It is outside China. It is 51% owned by a leading Chinese Lithium player. What do all these things mean? It means the Chinese player has to buy from its child company in bad times (now) and will not let it go under as the Chinese company will lose all it (the majority stake) if they let go. The refinance will help complete it and ramp up production to the max. Why would they want to ramp up production now when it looks so bad? It's because the Chinese partner knows that it will need more lithium soon.

If you cannot trust the Australians, trust the Chinese! They are not stupid and they control 80% of the entire world market in lithium batteries. Australian minerals might not be as cheap as stuff from Africa but Australia does not go up in smoke like parts of Africa. The Chinese knows that and that's why they put money into a place that is frankly a bit anti-China right now.

I am prepared for IGO to go under 6. I will just add a little more every time it drop around 3%. It might drop another 10% next week.