WR1 General Discussion, page-25000

Just needs to bottom and for their to start to be some calm in the Li sector.
Li prices have begun to stabliize a little and so have futures but doesn't mean turning up either.
We need to find a level that we can hold at or at least a range that we remain in consistently.

Most people are now thinking there will be no uptick in prices for 6 months so realistically, most are just going to wait till then.

Not even news is going to bring that right now. We will have a green day but then most will be looking to exit.
Only day traders will be in the green on this stock now. With Li sentiment the way it is, any rally will eventually be sold into as people try to either recover some losses or to time the market.

Sure a TO would raise the SP to that price exactly but again, I doubt CE would entertain anything until the MRE upgrade is announced.

People really need to understand cyclicals. This is a downturn, sector wide. Unfortunately, it doesn't turn on a dime. It takes time for commodities to increase and even longer for investors to see that its not just a dead cat bounce.

There is no doubt the bounce will come but when is anyone's guess and how much lower this can go is also a mystery.
LTRs announcement today has spooked the already scared Li investors and each further bad announcement that impacts a supplier, the same will happen.