* Buyers on the screens outweigh sellers by 2:1 currently.
* Daily volume is light by recent standards.
* MRE update outstanding - could drop at any time.
* Recent price action (for spod spot pricing) has increase from c. US$700/t to US$850/t yet there has been no positive reaction to the WC8 stock price.
* A media driven item with no direct foundation or relevance has seen negative stock sentiment in recent days.
* The oversupply narrative is being espoused by many analysts from the BEOT despite the continued supply response from industry participants that will materially diminish supply over the next few years.
* No new capital is being invested in lithium minnows or new development projects stifling long term supply capacity.
I could go on. But, these little tidbits individually should impact market sentiment for stocks like WC8 yet we continue to sink. You have to wonder - why??
I think this will switch on a dime and we will see momentum shift too rapidly for those sideline critics to have time to enter/ re-enter this stock. That's why I am confident that patience will be rewarded.
Don't let the noise distract from your real objectives and targets.
WC8 Price at posting:
27.3¢ Sentiment: None Disclosure: Held
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