OTCQX:NTTHF - Post by User
Comment by
LithiumNPVon Nov 17, 2020 8:11pm
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Post# 31919574
RE:5M volume over 3 days.
RE:5M volume over 3 days.neosceptic wrote: The volume was (is) due to new entrance, not exit, which pushed s/p up. It also, reduced risk of sharp s/p fall due to profit taken, many s-t investors who is satisfied with the share performance had great opportunity to exit.
Of course, some wait to see if it go up more and will exit when they see that the bull got tired, but hopefully they are small fraction of those who already left.
2021 -2022 expected to be years of accelerated demand for EV, meanwhile, supply thanks to low Li price slowed down. Equilibrium is expected in second half of 2021 that will push prices of Li up.
NLC, meanwhile expected to generate FS, got financing, and EIA approval.
After 2023 the demand is expected to grow impressively...
The short term share prices will definetely fluctuate, but mid-and long term future looks very bright.
Interestengly, is that on background on unreasonable valuations of many "index" companies, NLC with its outstanding deposit and cash position have all attributes of defensive stock as well.
I agree with you and expect the price to fall down to 50 cents because there is still too much oversupply of lithium.