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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
Sometimes aim beggars belief. With lithium at 995$ some other companies have a cost of 952$ to get it to market. And there will be a dilution in their SP which is rising. Do they know something we don’t. It’s a given a lot of companies will be taken over. Just my opinion though
Totally agree. The best thing is all those boxes are ticked. ✅ we’re not going to get a dilution to fund extra expenses from a slippage in the timeline. Most of us are in at a good price and the lithium price will only go higher hopefully.
Our Chinese partners must be kicking themselves they didn’t negotiate at today’s lithium price
I have prepared myself mentally that the timeline will slip. There a too many external factors for it not to. I suggest you do the same. If we’re up and running by March 2025. I’ll be very happy. June would be my thinking.
I’d of preferred Bernie to be a lot more vague on this and said the second half of next year. Then over delivered in March.
But still kept us in the loop on the development via twitter.
Thank god he doesn’t act like a curtain Mr Roach