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Share
2,170 Posts.
296
13/10/21
19:25
Share
They had the option to buy more shares today (last day at $5.40) - still thinking if i should buy it or not
They purchase a very expensive mine - which required alot of capital to fund it.
Country risk - spain may require more regulatory governance.
Execution risk - can they get the mine operational efficiently?
I am not sure how many years til yearly production output cover the cost of purchase?
Also, moving into bear market with US and Eur and copper value fluctuate more than lithium.
I prefer my lithium stock - i am holding SFR but only to test the water.
I dont know about the future of copper value.
I think you will only have small downward pressure if you buy at 5.40 - i purchase at $6.
I should have purchase at $5.03 - the lowest i have seen it to average down.
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