RE:RE:RE:NMX NI 43-101.....The same agonizing over share price is going on, on Aussie hotcopper board for PILBF, ALTAF, and GXY. ALTAF is largely -making it's numbers- and still going down in share price. Gxy's Mt Cattlin operation is one of the lowest cost LI producers in existence, yet share price continues it's decline.
In the midst of all this woe, an iron ore investor pops up and says -not to worry- they did the same to us in iron. The stuff I bought for 1.65, I sold later for 7.60.
If the western australia LI producers like wogdina, altura, pilbara, and galaxy were to withhold product from the market, a LI price rebound should happen quickly. Both PILBF and Altaf withheld 25,000 ton each in this past qtr so if they keep that up something should change..