RE: Delayed response7 Mar 2018 13:09
Well when established Lithium plays have lost 40% of value as people locked in profits in the volatility this has not budged, so whilst no price rise from the new releases it has perhaps steadied the ship for those that have shares holding for the progression of Portugal.
Those selling are either 'non' believers in Portugal or they are selling because the market is selling, not on the fundamentals of the company or news due, or faster returns elsewhere. If you don't sell the price does not drop, its very simple, you cause it to drop out of fear that it will drop, its self induced. The market won't drop the price here, YOU will.
The market selling volatility is for many reasons NOT associated with this share, but yet people will sell because others are.
1. Is Lithium market price dropping? - No
2. Is Lithium an increasingly desirable commodity? - Yes
3. Is it an additional product that might suffer in a down turn? - No, people will buy cars, these cars will contain Lithium no matter whether the market goes up or down.
4. Will there be a need for Copper? - Yes, China/India still expanding (and importantly the middle class whom demand more of the stuff), Lithium based cars that WILL be selling need more copper and many countries will be upgrading infrastructure for the electric with guess what .....copper!
So if the S&P drops 5000 points does it change anything in terms of this company's future profitability? Nope, but some will still sell becaue thats 'what you do'....baaa baaa.