OTCQX:AVLIF - Post by User
Comment by
LithiumNPVon Dec 21, 2018 1:47am
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Post# 29144705
RE:RE:So, what does one do now?
RE:RE:So, what does one do now?mikerosoft667 wrote: I went over 50% down today. Not sure what to do either. How much further can we decline. I mean there has to be some value to this project ?
knowforever wrote: 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.
On top of that the markets top out 1 year after the last rate hike in Dec or 1 year after the yield curve goes negative. So look to mid 2020 for the top in equities, and a 30-50% decline through to 2021. 2021 will be the time to buy these lithium miners back again.
The small cap got creamed in 2000 and 2008 so you won't escape this if you hold lithium miners.