Unfortunately i cannot see a 30 cent move on ML award ,, markets at the minute are on a knife edge and lithium stocks are cooling off or having a breather .
If we can get a 5 or 10 % move on ML and then the same for other anns ,, BFS extra 15 % and so on then we will be doing well ,, obviously if markets were ripping higher we would run in tandem but at the minute theres a lot of caution in the short term .
it is however worth noting that commodity stocks tend to do very well in this type of environment ,, so once everything starts to settle i can see the battery metal stocks starting to run again and outpace other equities .
Something also worth considering is that theres still a lot of money on the sidelines , a lot of big funds and instos will not buy until they see a BFS , i spoke to a few majors in the industry recently and they stated that they would not buy until the company had a BFS and at least one offtake signed, thats their requirement for most stocks ,, well AVZ will have offtakes , finance , ML and BFS very soon so will be interesting to see if the big money will jump on .
Anyway exciting times , some short term pain in the markets but nothing we havent seen before . Roll on ML .
