I find it astonishing that you can buy these cheaper than the level before the chart broke down given the news we’ve had this week. Should be double the current level on what we know already, higher when the payment for the 20% is made. Wider mkt much better. Am expecting this to rally hard next week.
They will be hoovered up. Any blocks will go to instis. There are pretty sticky hands that hold BCN, that won’t be selling these. I think if anything M&G et al are more likely to add to keep Li exposure up. Does the recent px action not tell you that? The doom mongerers had their day in the sun with “shares flooding mkt” chat whilst the mkt was falling and all the gogo lithium stocks were cratering. The mkt is thin. Shares are not easy to come by. Do you think centerbridge are dumb? When those loose shares from flakey PI hands come on the mkt they will hoover them up. There will be more volume for a bit and they will be able to get greater exposure without screwing their market (at least for a short period of time). Ship these in while you have the chance.
Wider mkt has stabilised. This is currently relatively illiquid, until it gets wider recognition (which it has in germany recently with new press, hence leading to the recent rise) it will be very high beta.
When it gets to a quid you can talk about boats being missed, but it will still ultimately be worth more than that too… Loom on the zinnwaldlithium sub on reddit. That article has sparked some german interest at last. They won’t be widely aware of this at all, as it’s on AIM…
RE: Mining License Application Number07 Oct 2021 07:40
I see the deramping crew are working hard. Some bloke chatting about bellzone - a guinean iron ore company that went bust 3 years ago (at about 40% of current price). Noe this sash bloke “oooh it’s not a given, oooh they must want something else” etc. Very very weak. This is a company that has good relations with the govt and was awarded extra concessions recently over firefinch (as they are called now), whom we all know were awarded their licence, they were always just the little bit ahead . All in good time. Get them while you still can at these levels. Don’t let these clowns try to scare you out and push the price down.