OTCQX:NTTHF - Post by User
Comment by
SnowyWindowson Jan 18, 2018 5:06pm
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Post# 27388695
RE:RE:Reason behind the current drop.
RE:RE:Reason behind the current drop.supersceptic wrote: Thank you.
That make sense, the only question why NLC and LAC plunged while ML, LBY, AA, LIX, WML went up? If anything NLC and LAC less affected than say LBY or ML, they are better financed and have much better resource bases....
I think it is mix. ORL still not traded after Toyota increased its share. I think ORL will surge. I suspect LAC and NLC sold to re-invest to ORL.
As article said, Atacama expansion will wipe out dozens of high cost suppliers under-financed juniors and those junior that won't be able to find financing, say PE (drop only 2%).
NLC is not part of the dead-men-walking. When dust settled, good projects, like NLC, LAC, ML... will come back. Great opportunity to buy, I rushed with 2.18 and 2.05, 1.90 is just blatant cheap, but who knew where the panic stop.
Everything will get impacted by the increase of lithium supply. Might not show today but it will eventually.
in better news I think we just found our number 1 buyout candidate. SQM has their biggest legal matter behind them and I’m sure would now have time to attend to other matters... like purchasing Neo Lithium.