Short Term Trading Week Starting: 15 Jan, page-301

Yo,

If lithium supply was becoming oversupply, IMO you wouldnt get Chinese companies funding projects combined with offtakes and only requiring repayment from the sales of the offtake. That alone shows it is a sellers market. Personally I never believe anything I read in the news. Especially sensationalised stuff with no hard figures to back it up.

Also the LIT ETF is also made up of lithium consumers, not just producers so its kinda balanced by that. So a drop in the LIT ETF could also be attributed to the fact that the lith consumers are facing higher costs for LCE and harder to come by supply.

Alot of the majors and explorers have run pretty hard in the past couple months so a pullback is normal and expected. I guess by the media spooks and the charts that the instos and pros have offloaded partial to retail in the hype and will re-accumilate lower after they fill everyone with fear. UBS borrowed stock on ORE the other day and now on GXY today.

Ive been looking for undervalued plays compared to peers. PSC stands out with an EV/JORC significantly lower than the rest and with the Ann today and the positive political developments in Zimbabwe as well as the funding and offtake announced a few weeks ago it seems like a good place to move my lithium capital. Actually i might tip it..........