You could be right, Kev, but let's hope not. While the lithium price is so low we're obviously very unlikely to reach a post MRE target price that many, including stockbroking houses, anticipated a few months ago. Even you were tipping $2 - $2.50 a few weeks ago. But that's reality; when a commodity price is low investors will shy away. At some point, though, logic suggests that the lithium chart will turn upwards, and also that a company with a healthy resource but ultra-low MC will draw the attention of both shrewd investors and potential suitors for a takeover. I'm down far more from the highs than most here but remain unconcerned. I have no urgency to sell so can wait for the rebound.
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Price($) | Vol. | No. |
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