OTCQX:AVLIF - Post by User
Comment by
kikker01on Dec 12, 2018 8:00pm
102 Views
Post# 29106781
RE:Any Idea on when this stock will start gaining?
RE:Any Idea on when this stock will start gaining?
I think a lot of factors aren't in AAL favor at the moment. Li2CO3 oversupply in china, price drop of Li2CO3 and LiOH over year. I would expect next years contracts are being negotiated at current prices. So I don't expect this years lofty prices again for a few years and maybe not again as lots of supply coming on line. Brine is competing with spodumene mines which are faster to bring put into production. Even Albermale has bought a stake in Australia. Toss in China/Us trade war and chinese cut back of NEV insentives.
AAL mine would be years away. first production in q3 2021 and full in 2013. (projected, if ORLs record is anything to go by, thats optimistic). A lot of uncertainty between now and then. both for AAL and demand and production globally.
My hope is ganfeng and lithium america don't want someone in their back yard and buy them.
best