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yep jimmydarko.....I don't think you said too much different from me.....no tick ups for me today...lol
I'll stop! waste of time really...I'll play my own game ...bet this one get's voted up! GLA
Senderos, watching LLL for comparison, a company that IPO'd 7 days ago is not really great advice.
I want ALL to do well but I avoid being delusional about what is in front of my eyes, which is a downward trend, as I said earlier in this thread. I'm just a realist. Look at the chart, be honest with yourself, it wasn't a rebound, it was a dead cat bounce.
The whole market is being pushed down. The broad economy is tanking so the big investors and big companies are making sure they protect cash flow, and take every opportunity to pull cash out of investments in profit. This is making for choppy markets.
Eventually ALL will prevail. Be interesting to see where the big buyers step in here and decide to turn things around. You can watch any of the big lithium stocks, as no doubt they'll all turn at the same time. I don't think we're there just yet. finger crossed its soon, but nothing is impossible in this climate
And for the record I’ve held shares for about 7 years. My long term outlook is positive
Strong rebound ??
Yeah I’m guessing you think the whole stock market rebounded last week too?
Can’t win an argument with an idiot so I won’t bother trying.
If you think that’s a strong rebound, go and put your houses on it and stop trying to convince me a share in a downward trend with low volume is bullish. Best of luck
No I don't think that your comments would affect the SP. Nobody would be that stupid to take any note of your comments on here!
What BS. I said we had strong rebound from lows last Friday. I also said to watch Leo LLL (Goulamina/Mali) for comparison. PLL under pressure coz of licence delay.
You are talking Bu$'s%$t.
Mike with due respect.
1.) i posted because sender was talking BS
2.) if you think my comment on here is going to affect the share price of this business, you’re as clueless as Senderos
So why post now. Are you after some cheaper shares by any chance? Don't leave it very long here with PFS, increased resource drilling due, ASX listing due in Q3, which starts on Friday.
yes Mike I agree. Matter of time.
But was I wrong? Are you saying Lion and Core had strong rebounds?
Also correct I rarely post on here
Spodumene at record highs. Only a matter of time before the SP climbs up to match the total mis connect in this market.
Good climb up today on the ASX. Where have you crawled up from 1 post in the last 30 days Eh?
Down about 60% in 6-8week the same as ALL, PL down 50%. Nothing strong about it, it just isn’t a straight line
rebounded strongly? …dropping through every trend line and staying underneath them all isn’t really a strong rebound (Core/Lion etc)
Do share PLLs obvious reasons senderos?
Many thanks
Here in Oz many lithium cos had a great day. LLL listed on Thursday and had a couple of bad days. Also west african, it might be worthwhile following just to get a feel for the overall market sentiment. The Core's, Vulcan's, Liontown's rebounded strongly.
The one still suffering is PLL for obvious reasons. We want to have a strong partner not a wounded game.
Someone was quoting 5000 contract rate today, maybe saying where they think its headed I'm not sure the context
Not saying I believe that, but if it is heads anywhere near that our numbers are phenomenal
Dare to dream, feet on floor, head down keep drilling ..
cheers MikeClarke
No spot market as such, just auctions, but 2/3 organisations who track all lithium pricing track weekly/fortnightly publish these prices. Fast markets and Platts to name a few.
When i look at the performance of similar companies to Piedmont I see that most are trading back to 8 months ago prices so since they had a good run up...and with GS article etc. their consolidation seems ok ish.
However SGML is at a near high and double last Oct price
PLL was 64 Oct. and 79 March and had had an amazing run up to March '21 and a few similar spikes since but at 42 now....and those hot Copper discussions on Gaston delay and the 884? page document to address the issue of permiting etc.
.....I stick to my previous points!
MikeClarke is their a spot market for lihium...I thought it was only by auctions....am I wrong on this?
Hi Swest. There will always be somebody to pay more, but that is simple supply/demand in action. What is more important is that these spot prices continually drive up the contract prices, which many have become monthly/quarterly adjustable based on spot prices.
thanks for coming back on both counts, I like to see that wider picture / research
One point about those auctions, I dunno, bit 'gimmicky' ?, sorry to upset anyone who thinks they're good, just my thoughts. Just seems each time they happen somebody seems teed up ready to pay a bit more, 7500 next month then.... Cynical sw42. Sorry. :)
...as I posted on Wednesday swest42...."With their regulatory delays Piedmont are unable to get government grants for their American plant and are not able to supply Tesla as contracted" That's got to have investors with Piedmont selling more than buying due to "uncertainty"
and if Tesla? or whoever want to get a jv or similar with Piedmont and All...then they'll want to get the market cap lower???
I'd say it's all linked....it still can't be the Goldman article which is constantly being countered and especially with lithium auction at all time high...a bit of "macro" still no doubt .....but I'm sticking to my theory above for now!
SP getting smashed. Whats going on over there ?
I wouldn't mind following news, they are our key our partner after all
If anyone knows a BB do let me know
Strange goings on at LKE I see and to a lesser extend CORE, off topic yet also relevent, all in 'the Li space'. We're looking good but I confess I get a little concerned with other events. One has to keep 'ear to ground'