OTCQX:SREMF - Post by User
Comment by
nihiliston Feb 11, 2013 6:01pm
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Post# 20971379
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RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE I'm not a pumper and I never criticize anyone for taking profits or cutting losses. But I'll take a shot. I haven't been here long, but I spent at least three hours looking this company over before buying in. It's entering the market as a high cost producer but the price margins are more than adequate. All medium-term price forecasts are favourable and they have found buyers for the li carbonate. There is zero geopolitical risk. They have adequate financing and production is imminent. There is an overhanging lawsuit but $50 million would hardly be noticeable for a company this size. Better battery alternatives are years away at best so the market isn't facing any immediate threat. Li batteries aren't the right battery for all applications, but they are the best present choice for an enormous market. It's a good investment right now. Keep your expectations reasonable.