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@ Mick88 & CleverSheep.
Thanks for giving my head a wobble. It was clearly needed. You're both correct.
My position has now been put right. I owe you both a drink when we hit 42p.
So don't forget that I promised you both one. I'll even treat you both to a curry to boot. 😀
I put a trade through yesterday that's now took my modest holding here to a tad of just over 40,000 shares.
I think I'll have that as my ceiling now and let this one quietly sit on the back burner.
I'm happy with what I have here.
@ Shareitup.
Plenty of EV's up my neck of the woods near Manchester too. They're becoming more and more commonplace. As you say, it's a reasonably new technology and will take time to become the norm. But seemingly getting there albeit slowly.
@ Oscar.
I don't think you're too far wide of the mark.
It's been in the doldrums for many many months, and it's suddenly started creeping up and keeping hold of its gains. Something is definitely cooking on its back burner.
I'm not an expert on predicting prices, not by a long way, and I'm not here to P*ss on anyone's parade, but just IMHO I can't see £1 a share coming any time soon.
Here's why I think that.
There is a tad of just over 1.8bn shares in issue. £1 a share would value the company at £1.83 Bn. I just don't see that we have access to that much Lithium to justify the company being valued that highly. I just can't see it.
Again, just in my humble opinion, once we are in full production and we are offloading every ounce of lithium we mine, I would be more than happy to see 41p a share.
As I say, just my opinion based on no logical argument whatsoever.
@ Oscar that's quite a chunk you've got there mate. You deserve to do well for yourself if/when you reach your sell point, (if that's your plan.)
I'm not anywhere near being in that deep, with my 38k share holding, I'm quite some way behind you, but I'm adding once a month where funds permit. I'm not too sure where my ceiling lies at the moment, but if I see 12 - 16p a share, then I'll be more than happy with my result. Good luck to you with your holding. Whatever your plans with it is.
@ Oscar1210 anything's possible.
As I've said before, I'm not particularly au fait with mining shares or companies, so up until recently I shyed away from them, but looking into a lithium miner made some sense to me as a punt with the potential rise in demand of Li due to the possible rise in demand for EV's and the suchlike.
With an average price of 4p a share Due to buying and topping up at various times over the past 12 months, I'm not too far from break even at the moment.
I'll be sitting quietly in the background watching how things develop here I think.
@ Tropicalblast. Thanks for the insight. You clearly have deeper knowledge of Portugese politics than I, so you're comments make interesting reading.
I suppose it's just a case of wait and see if/how this new party has any impact (if any) on this company. We shall see. Hopefully not too much to frighten the horses.