HI, I have been doing some research on lithium the past few hours and noticed a few interesting things...
GXY and ORE are both listed on the ASX, both lithium explores nearly producers, their shares have for some reason fallen by around 50 % the past few months.... lithium stocks on ASX seemed to have rallied hard 2009 through Jan 2011 and been in a bad fall/drop past 6 months...
Lithium prices have been going up lately as far as i have read, demand is getting stronger,,,,ect ect Looks like lithium has been out of favour for some reason but its due to turn anytime as it looks way oversold on Asx,,,
AJM will be very well positioned when it does because it has a big resource already with more results/unside in 2011,,,AJM has been holding well as we have Mt WEBBER, COAL ect ect...as far as I can see AJM already has more lithium than ORE and their market cap is still higher than ours,,,,wow, and its down 50percent wow
i like the look of our lithium asset too, huge upside potential,,,watch GXY and ORE, i think as soon as they start uptrend again from being oversold ajm will get some lithium buyer support too.,,will definately help our share price head north..
lots of value here
DYOr--just my opinion
AJM Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
