RE:RE:RE:RE:RE:demand/supply of Li vs. demand/supply of smart and idiotsHi S-S,
Always good post from you.
If you watch a few of presentaions or interviews from Chile's lithium conference, you would realize that the Whole Lithium Sector is very low, and not too much interest from investors, due to low lithium price and over supply concerns. In my opinion, the over supply is a short term due to the rapid developments in Hard Rock Lithium from Australian. This situation may last a while, say one more year, until supply and demand balance out.
In the junior space such as NLC and ML, they have plenty of cash, and don't need to issue new shares when the current SP is depressed, and they are much safer investments than other juniors, you have to be patient, if you believe EV is the future.
I was planning to attend the AGM this Friday, unfuturely I am stuck in Alaska on a business trip, hope anyone can post some news from meeting the management.
tiger
supersceptic wrote: Great links.
I've read quite few articles after Morgan's report, but most fail to mention their move, predicting price collapse and buying into it...
NLC surely look like a star. I have small problem with NLC management conservative presentation, they are too conservative. I would prefer them to be in middle of the pack with projected prices. Would help NPV and valuation. Investor often expect "management optimism" and discount presented values. That is one reason ML have better cap.