RE: Who knows25 May 2019 20:50
Horne, I don’t believe the price drop here has anything to do with the lithium price at present, for me news flow has cost us and BA is to blame I’m afraid.
Saying that the lithium price might come into play if we forward sell as BA was quoting carb prices at $800 and now they are set at around $600 - $650. I think we’re going to see lithium prices breaking out in regards to quality (low impurities) battery grade vs battery grade with high iron content and any thing <6%, you just need to look at bald hill vs GXY to see its starting to happen now.
Also not all lithium explorers are taking a battering, look at liontown over the last few weeks. The rise you see there can happen here very easily, jurisdiction I believe is the issue at present. It will take either us or BGS to have some major news announced and that will all change.
Let’s see what next week brings.