RE:RE:Come on Punk!!! Make my day!!!It is NOT a NILI issue.
Look at any stock in the lithium industry from blue chip to Chinese junk and they all look the same, with identical ski slope slides.
It is clear that institutions are selling across the board.
Eventually things will turn around for the lithium industry and all these sellers will turn into buyers, sending NILI into the many $$$ range.
Lithium is the gold of the future and when the lies are set aside, there is not enough commerical lithium on the planet. I am speaking of commerical. We saw another company having 7 million tons of LCE which is not mineable as it is low grade. Many of the finds of today are along this category and it is very tough to find an economical mine grade.
People are doing their calculations that LAC cost structure may be too high and if that is the case, they will shut down too.
For today, there is an over supply of lithium.
But on a day called tomorrow we will hit a lack of lithium supply.s
Remember oil prices at NEGATIVE $ 40 per barrel and ocean liners sitting offshore with nowhere to put the oil. Fast forward one year and we went from negative $ 40 per barrel to positive $ 90 per barrel of oil, a swing of $130 per barrel of oil.
Good Luck