Do you see the chart I posted. Please show me a lithium company that is up from the beginning of the lithium bust. Im not trying to defend management, ive said before that they should've cut their wages a long time ago. But the idea that psc is only struggling because of mismanagement is false from what I can see. If you invested in almost any lithium company since mid-2018 you would now be showing a loss, so unless every single lithium project has been mismanaged, I dont see how you can blame the psc team. Maybe blame yourself for not listening to early lithium oversupply warnings?(thats what I did, a bad investment move on my half)
Im doubling down for the time being, if anyone feels like selling down to 6ish cents ill be picking a few up. I forecast lithium prices to rise in order to sustain the 2021-22 demand, should be coming sooner with all the government stimulus for EV production. Plus check out teslas china sales, those who thought covid would stop demand are looking to be proven wrong. --> https://www.*.com/tesla-china-sold-11095-model-3-vehicles-in-may-triple-aprils-volume-cpca-2020-6?r=AU&IR=T although lithium does seem to be the last commodity to rise, lets hope the last shoots up the highest haha.
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