Originally posted by In2win
Double down Friday for me.
First buy .23c second .14c
If it keeps going lower bring it on
I will keep doubling down.
SP to resource is getting crazy cheap now.
Sit on this for 10 years and retire happy I say
Demand for Li wont be going away any time soon ....
Merry Crissy Happy New Year Holders !
lithium is in a slump with over supply and that is without a stage 2 commitment by any of the the producers at the moment. Stage 2 will not be going ahead as i see it. the oversupply is forcast to last until 2023 with a report out 2 days ago. Orocobre has slumped as prices keep weakening. I thought Li was a good investment and never expected the markets to change course for such an extensive period of over supply. 2023....thats another 4 years. I'm just thankful that we have sold all of stage one to offtake partners to keep us afloat. I suspect that we will be heading down to $570 per ton.oh well at least we have insurance with offtakes. Our only problem looking ahead is the Australian dollar....ie if and when it recovers.
