I think lithium stocks generally have been a bit ahead of themselves in the past couple of months but then again, being such a growth sector, some would disagree.
The fact that DKO is not just hoping but has lithium on its testaments plus the cash to thoroughly prove up deposits puts it ahead of many in my opinion. I do think some shareholders were put off by the Portugal investment, thinking that it could be a potential drain on finances but hopefully in time it will prove to be a European asset that makes a positive difference to the company.
I also think that Tesla looking to buy SolarCity and analysts almost unanimously disapproving has hit the lithium sector a little.... believe it or not, Tesla is currently still the main driver for EV's and the markets sentiment.
Additionally, with such a price rise from from 2 cents and over 100m shares issued at about 3c, there is bound to be profit taking. 3M shares going through today is still decent volume... the sellers have to be done soon and accumulators solidified, ready for the next stage upwards.
I would still like to see diversification into cobalt given David's DRC background but this is purely speculation and maybe wishful thinking on my behalf.
3 phone calls, 3 messages and an email later and I'm yet to hear back from the company.... I will have to leave it there or otherwise label myself as a stalker. Will let you know if I get a reply and any useful info.
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