OTCQX:NTTHF - Post by User
Comment by
SnowyWindowson Dec 18, 2018 2:53pm
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Post# 29130742
RE:RE:RE:Tax loss selling ends this week
RE:RE:RE:Tax loss selling ends this weekFirst, here’s a link showing some good news to the lithium sector. Albemarle is still willing to invest over 1 billion into a HARD ROCK SPODUMENE MINE. This investment took place a few days ago. If majors still have faith in high cost, hard rock, lithium mines, I’m sure brine lakes have nothing to worry about.
Second, this is selling without reason. Lithium price going down a few percent shouldn’t have this big of an impact at these levels. They invested $30M+ into the project, have $45M in cash, and are trading at levels below what was put into the project. When you trade at levels which are essentially assuming 0 resource value, a dip in lithium shouldn’t cause a major drop.
https://www.magnoliareporter.com/news_and_business/local_business/article_375cc6d6-01dd-11e9-b204-c39298696c94.html