I would say there is plenty of demand in relation to lithium, however these converters are lagging in processing!?
It maybe noted that we received no notice on these converters upgrading, or how long this would take, if indeed that is what these converters are doing?
In the meantime, the backlog of lithium created by the lack of converter processing, has been joyfully illuminated by the shorters claiming this is all to do with the oversupply of lithium!?
This in turn sets the stage to follow through with the bashers claiming bad management, flawed fundamentals, the sky is falling ect. Ect.
During which the shorters daintily dance around the subject of shorting with denial, accusing anyone to that effect as someone with a conspiracy, expressing an illusion.
Gauging what I have seen simply from market demand, I would anticipate seeing the lithium price rise conveniently anywhere after the Chinese New Year, 2020.
This is not advice,
Do Your Own Research
GXY Price at posting:
87.5¢ Sentiment: Buy Disclosure: Held
