It's got to be sour grapes, as I can't see why these peeps (I know that's a stretch) would spend so much time on here. We had sour grape trolls on here when the sp tanked last year, and now same deal after a 900% rise, can't win, hey. Though, I do not expect their grapes will get any sweeter as the new year unfolds, the year of the tosser....
While it was an ugly day and you don't have to like it, sleeping on it overnight, I have come to the conclusion that it was fund managers needing to rebalance their portfolios, who have likely been playing chicken for the past week or so, a who starts running for the exit first scenario. Did you get a "I told you so" call from the ATO . If so, you should be able to return the favor in about a month, and sorry, after Chinese lunar new year, you're up the creek with with sp tipping comp, like myself.
Over on the good news bad news thread, nevchev has kindly posted lithium price movements for week ending 21 Jan, and strike me pink, all prices are up again at ~US$9kg or above. There is nil, nothing, zilch material available on spot markets, and it's only January. If market is tight right now, what does that say for pricing in Dec this year, 2017 levels???
Therefore, the question is, how far out is Mr/Mrs market prepared to look, and according to those who pick their grapes from the "sweet" grapevine, free cashflow is one of the key metrics used to calculate company valuations, tailwinds, you bet ya, get a stronger chain for your dog....
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