Neo Lithium Corp NTTHF

RE:Back to 52 week low

[neosceptic]

The company is OK, the market is not.
When/if vaccine hit the street, revivial is innevitable. Question when and if?

1. When market is going down, people selling hoping buy back more but cheaper - crowd effect.
2. People prefer to hoard cash, even at expense of losses.
3. There will be economic slow down and reduction of say EV orders is practically guaranteed
4. Gas is got cheaper, but electricity is not

When dust settle:

1. EV likely to be net winner as pollution will be targeted even more.
2. Powerwalls can get boost (even now), if people start to worry about temp. power supply cuts
3. Suppliers may cut production further expecting recession and (also innevitable) surge in supply will not be met.
4. 2021 EU ICE restriction is getting closer by the day, recession or not
5. NLC is going to advance further project. Financind and EIA will give a big boost.

I see NLC as hold for now, as it is dirt cheap and turnarounds possible just for this reason it is very attratctive for bounty hunters, but I am not ready to spend cash fo personal planning reasons