RE: onebeyound3 Oct 2017 10:16
Hi Callerone
M_Wall answered your question re: lithium vs. silver being prioritised at this point: "Lithium mining from salars is less capital intensive, so apart from the obvious reason, it is why Arian are fast-tracking it ahead of precious metals, providing they hit upon good grades, of course."
Also, I wasn't necessarily extolling AGQ as a long term investment, I was saying it is now an interesting 'trading' opportunity, as I still believe it is oversold (right now the sp is essentially its cash in the bank with 'zero' other assets priced in). I doubled my holding at this price, and was explaining why I chose to go that route. I managed to lower my average from .52 to just over .40 and am happy with that. In my mind it is also a low risk proposition, as it is completely illogical for this share to go lower than .30 from any technical standpoint (not to say that AIM is not at times illogical). Also, if you firmly believe that the bods will again be doing another placing down the line, then it won't be at these prices - which means (for the moment) the interests of the bod and PIs are wholly aligned: i.e. raise sp in the short term. All this leads to a tidy upside for anyone that buys in, or averages down, at this point...IMO of course.