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Or have to buy in higher. The sp is doing ok IMO. The sell on the news brigade are mistaking thinking this is the new when there’s a lot more to come. LTH know Bernie is very cautious and doesn’t run his mouth of like Roach. We shall see where we are by the end of next month 🚀
Also the quality on sodumene yet undiscovered will grow and the gold will come on line. Ev’s will take over ICE vehicles in production. A lot more mines will come on stream making other mines unprofitable that have borrowed too much.
This is all speculation by Goldman and others with the prices going up.
Kod is still the best risk on the market with the highest reward
Russia are interested in gold. They’ve taken over an artisan gold mine that wasn’t paying it’s government dues as it was in a separative area. They can’t start up and run a lithium mine especially if it’s paying the government so much money.
The only thing that gets me is why the mining ministry transferred our license and sorted out Leo ?
I think their production and transport cost are more than their sale price. No risk whatsoever 🙄.
Australian miners are to produce an extra million tonnes this year. The price of lithium will go up in future. But not until demand catches up.
Two months ago people were saying battery manufacturers only had 3 days of stock left and the price will go up.
These same people never saw this drop coming.
I will keep buying KOD at these prices, knowing by the time we get to production the lithium price will be 3x or more than our production and transport cost.
DYOR
Hi
I think they are trades that have been filled throughout the day. As they’re quite large. Don’t know if they’re buys or sells as they fall in between the prices at the time of notification. It can also be institutional traders who can buy/sell at a very narrow margin so the system can’t label it as a buy/sell. Large traders will usually trade at this time of day because it doesn’t move the SP much and they can do it day after day to either buy or sell large amounts without moving the SP. Happy to hear other theories