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buddu

214 Posts.

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23/03/19

21:53

Post #: 37864161
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Originally posted by philh9: ↑

I moved from brine to hard rock after a fair bit of research and even then took my time accumulating (and still am) this one. The settling of tenements issues near Southern Cross last year was a final key for me to invest, that did spike the SP as expected because it removed a market perceived unknown. As always if you are patient you can accumulate a good position on most things given cash availability etc.

SQM IMHO want this and they are in the box seat, but not home yet. Price is always the key, this is a wonderful project on many levels, product demand worldwide is on a multi decade exponential, every transport maker with any claims to be in the EV volume business worldwide is looking to cement supply.

I hope/expect competitive interest/pressure will force SQM to move, you always get the "but we funded stuff" not paying too much, par for the course, but they will pay whatever is needed to get what they need, lets hope they have to climb over someone else to do so.

Cheers
Phil.

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KDR Price at posting: $1.25 Sentiment: Hold Disclosure: Held
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