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https://www.metalbulletin.com/Article/3884626/GLOBAL-LITHIUM-WRAP-China-lithium-prices-down-further-on-negative-short-term-outlook.html
"Battery-grade lithium prices in China decreased further in the week ending Thursday July 18 due to unimproved downstream demand, while most buyers were in no rush to buy more material due to current reduced cathode and battery production in China, buying only on a hand-to-mouth basis."
Some good news coming? Are u ready...
If there is any positive news, i think is good chance for ppl that are stucked to consider getting out.
GXY have much bigger assets and one of the lowest costs. FY2018, GXY reported GM of around $400/dmt, yet profit is miserable (ex-posco deal) ,albeit it is spending on SDV & JB explorations and development costs.
Assuming AM can sell 150dmt this year at $100/dmt GM, we are looking at the most $0.01 EPS with 1.43B shares. So even at $0.10, it is still expensive compare to ALB & GXY. GXY has no debt.
Looks strong... leak news?
Grubber ( Date: 18-Jul-2019 12:42) Posted:
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lool like bull vs bear
Last chance to get out?
risktaker ( Date: 18-Jul-2019 11:58) Posted:
Last chance to buy
ahhuat08 ( Date: 18-Jul-2019 11:33) Posted:
| just when i tot it will go down further, today form a bullish engulfing, on previous occasions it did this b4, so i will wait til its confirm in an uptrend b4 taking any position. |
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Last chance to buy
ahhuat08 ( Date: 18-Jul-2019 11:33) Posted:
| just when i tot it will go down further, today form a bullish engulfing, on previous occasions it did this b4, so i will wait til its confirm in an uptrend b4 taking any position. |
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just when i tot it will go down further, today form a bullish engulfing, on previous occasions it did this b4, so i will wait til its confirm in an uptrend b4 taking any position.
Missed the boat
Sianz
https://www.fool.com.au/2019/07/16/orocobre-share-price-hits-2-year-low-as-lithium-supply-glut-looms/
"While the Orocobre share price is down 14.5% so far this year, Galaxy?s shares have fallen an incredible 37% to just $1.31 per share at yesterday?s close ? a far cry from its similarly lofty valuation of $4.24 per share reached in January 2018."
https://www.metalbulletin.com/Article/3883564/GLOBAL-LITHIUM-WRAP-Chinese-domestic-prices-hit-new-low-on-sluggish-downstream-demand.html
"China?s battery grade lithium carbonate and hydroxide prices hit fresh 2019 lows in the week ended Thursday July 11 with more producers lowering prices to boost sales amid subdued downstream demand and a negative short-term outlook."
will try at 110 ish :p
Maybe another 40% discount off current price I will buy lol
Who are still buying this stupid counter?
The co-founders who were sacked more than a year ago, and had sold their shares at high prices, now probably laughing at the downward spiral of AM.
In spite of many positive announcements by kongsi management, still no use.
News about cina breakthru in cheap production was out in SCMP about 2 months ago. If news is not fake, think the fall of AM will continue lah.
Yeah, how to produce cheaper than cina and sell higher?
Someone suggested susp the share. That will be worse lah, meaning cannot sell even at current price or at any lelong price.
Just opinion, not meant to discourage buying for those daring.
laksaman57 ( Date: 09-Jul-2019 00:01) Posted:
https://insideevs.com/news/358327/china-claims-slashed-lithium-costs/
"...if the selling prices of lithium are close to the production costs, since they are ? according to the South China Morning Post ? a very well guarded secret. If they are, that would represent a slash of 81.8 percent in costs when you consider the lowest price for the metric ton of this mineral." |
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It will be suspended
So cheap.... why ppl selling this stock... haiz
Please suspend this counter. Disastrous.
https://insideevs.com/news/358327/china-claims-slashed-lithium-costs/
"...if the selling prices of lithium are close to the production costs, since they are ? according to the South China Morning Post ? a very well guarded secret. If they are, that would represent a slash of 81.8 percent in costs when you consider the lowest price for the metric ton of this mineral."
ew w0 141 break
Look at month chart now
ew w0 45 w4 210 w5 460 wabc?
wa 460 215 delta 245
wb 215 310 delta 95
wc 310 ?65 dn 100% of wa
- this is far alway
Look at overall ew w0 45 w1 460
- delta 415
px now 136
- delta 324 dn 78% of 415
- next tgt 78.6% delta 326 tgt 134
watch 134 to 136 levels
SgYuan ( Date: 28-Jun-2019 13:55) Posted:
w2 formation
ew w0 141 w1 153 w2?
w1 12
w2 7 tgt 146
- px hit 145 danger
- if supported w3 cm
- if touch w0 141 reset
w3 19 tgt 164
w4
w5
SgYuan ( Date: 25-Jun-2019 20:14) Posted:
week chart or day chart ew
wc ext ew w5 tgt 145 hit
wait for next formation
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