I'm not saying it will go down to $550. As long as there is sign of going down further from here... maybe $700-650? Stock market will over-react... Main point is during ramping up, ajm cost is already significant higher... how about debt? Last QR shows that they only have 10mil cash left? 10mil from GangFeng... Is it enough? What is the operating cost per Q? DYOR... Possibly running out soon!!! CR needed? Double hit if li price is down further....
Supply side...
Uncertainty in Qinghai. BYD gets all there li from there....
taw already shipping, pls and ajm are all new supplies...
Greenbushes expansions
MIN coming in 2nd Q
From Dr. M's analysis, it already show that current supply already more than demand in 2019-2021... (Refer to previous posts)
