RE:Low volume but ...Uknowit wrote: In the past few weeks low volume hasn’t been favourable for Fat. Today was different and imo may signal the end of shorting of this stock. Very happy to close up almost 8%. Anyone that knows what’s going on here knows that news is imminent. I expect NRs on rock chip samples from the newly optioned Thompson Bros land and the high likelihood of the completion of drilling. I have heard that the drilling of dyke 1 was very positive. Let’s hope that’s true - I believe it is. The rest of February and March will be very exciting for investors here. Regardless, with the demand for lithium increasing the buyout potential for Far Resources just keeps getting better and better. And throwing in Tesla is a red herring. They have locked up their supply from Sqm (for now) but if anyone thinks that Tesla is the be all and end all as far as lithium demand is fooling themselves. There are so many other EV automakers and an increasing demand for grid electricity storage that Tesla is a non issue. I predict that this company will be sold out before the end of 2018. Cheers.
I agree Ford and GM build more cars in an afternoon then what Tesla builds all year long. With both Ford & GM and others entering the EV space in a big way(Ford and GM less than 4 years away) Tesla’s lithium demand could be of little importantance in the grand scheme of things, other than distruping the industry in the first place.