All have gone greenMy holdings of CRE - MY LARGEST LI POSITION- went green months ago. Because CRE was not next in line to build a mine, and I as an investor wanted the excitement of having the dynamics of a mine buttressing my LI investment, I invested other dollars in GXY, ALTAF, and PILBF. GXY has been in the green for several weeks. Today PILBF went all green finally. ALTAF is in receivership even tho it has a mine, was able to get costs of prduction down to $332 per ton, had healthy purchaser contracts, and decent management. ALTAF's bank lenders refused to extend the due date of their loans and forced them into receivership so that is a near complete write off.
Going into a mix of holdings gave me a bird's eye view of the real LI market. One of my big learnings was that CRE mgtmt is not blowing smoke at us. The competition for investment dollars is intense. As you know, I see CRE's most likely source of good money for the mine build out in the hands of Quebec's gold miners who are SWIMMING in cash and those gold miners are unlikely to back stab CRE as the banks did ALTAF.
One thing that i happening is the LI uppliers are not falling prey to the reduced LI price the Chinese EV manufacturers want to pay. CRE is gonna be hard headed on LI pricing because they have een the NMX and Altaf experience play out.
For really uplifting good news read Matt Bohlsen' report here https://seekingalpha.com/article/4392467-ev-company-news-for-month-of-november-2020