Bullboard - Stock Discussion Forum LITHIUM X ENERGY CORP V.LIX

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"Lithium X Energy Corp is a lithium resource explorer and developer. It is focused on supplying the lithium battery industry. The company’s property includes Sal de Los Angeles lithium-potash brine project (the SDLA Project), in Argentina's Salta Province."

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TSXV:LIX - Post Discussion

LITHIUM X ENERGY CORP > Macquarie

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Post by LithiumNPV on Sep 25, 2017 8:28pm

Macquarie

Macquarie mentioned on BNN (Canadian buisness channel) came out today and said lithium is oversupplied.

Therefore Neo Lithum is going to go back under $2
Lithium X with their blown well is going below $1.50
AAL is going to go below 30 cents.

It really looks like the ETF's for Lithium have peaked. Violent reversal today.

We just have to be patient. Might take 6 to 12 months for a good buying opportunity.

Also I am not particularly impressed with drill results that came out today by LIX and AAL

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Comment by Luc1961 on Sep 25, 2017 10:38pm

huh...I don't buy that. The Lithium supply/demand situation is why there's been so many new entrants in the LI sector and why existing LI producers are working towards increasing production. Same for Cobalt (the other essential element supporting the broad EV agenda). There's more credible sources of LI information than Macquarie Capital. NLC is not going back under $2; it's always ...more

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Comment by LithiumNPV on Sep 26, 2017 12:07am

There is nothing new there. DDD-09, drilled in the center of the northern basin extension intersected 564 mg/l not 700 mg/l The reason the price keeps sliding down before the next spike is because the price to book keeps getting worse and worse. It goes from 2x to 3x to 4x to 5x and will need to go to 10x just keep the stock price where it is at.

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