Yeah - i am looking to re-enter as well, the resource is shaping up nicely and this share price is obviously disconnected from the fundamentals of resource drill results and management etc. The disconnect will eventually correct with Chinese downstream producers increasing in value but Li resources and developers decreasing in value along with Li prices moderating.
Its a tough one to re-enter as the share price gets marched down relentlessly, and the big predators won't be disclosing their entry until its too late and the share price will correct close to the offer or average price of the predator.
I'm thinking that due to Canadian jurisdiction, we can rule out any attempts by a Chinese-owned or associated entity immediately. That leaves a selection of Western-aligned parties who may be interested in picking this up fairly cheaply. I am thinking maybe Albermarle/SQM as more likely than any Australian combination of WES/Gina Reinhart or Chris Ellison MIN etc
PMT Price at posting:
$1.10 Sentiment: None Disclosure: Not Held
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