I'm not sure if the concern of supply is what is getting people nervous.
I think the market is slowly but surely realising not all lithium plays are going to win in the long term (especially with the whole mica vs spodumene vs brine vs whatever else). It might be some people are now trying to pick a winner based on more fundamentals rather than just getting in somewhere where "lithium","pegmatite", "anomaly", "potential", "highly advanced" is mentioned in an announcement.
It would seem then, according to the market, ADV still needs to prove it self. I think a lot of people are watching ADV on the sideline and are getting ready to buy in if/when further good news comes in.
I hope ADV wins so we can win.
Pinnacle of Lithium Jnr's, page-48
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $7.814M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $1.323K | 10.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 178889 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 24370 | 3 |
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| Last trade - 15.50pm 30/08/2024 (20 minute delay) ? |
| ADV (ASX) Chart |