OTCQX:AVLIF - Post by User
Post by
knowforeveron Dec 20, 2018 5:49pm
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Post# 29143466
So, what does one do now?
So, what does one do now?https://www.mining.com/orocobre-shares-crushed-weak-lithium-prices-outlook/
Basically, there is no turnaround in lithium pricing in the near future which means our stock price will go down undoubtedly. Even worse, is with the projected huge increase in demand in the upcomming years for lithium, prices WILL continue to decline. I was manipulated into buying this stock based off false analyst projections and increase in demand for product. I'm down about 47% in just 7 months. Unreal. Our best bet is for Sidoo to sell this project as-is, right now. Morgan Stanley was right after all, there is over-supply and it will only get worse as more projects come online around 2020ish. I'd be happy just to get my money back at this point. I've included the morgan stanley report for readers to go over. In fact, lithium carbonate is going for less than what Morgan Stanley predicted right now.
https://www.businessinsider.com.au/lithium-prices-45-fall-by-2021-2018-2
I wish these suits would be more open and honest about the industry and stop keeping investors like myself in the dark. What a disaster this industry has been.