Neo Lithium Corp NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > Tesla shares sunk and drug down entire sector

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Comment by neoscepticon Feb 23, 2021 4:26pm

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Post# 32639534

RE:RE:Tesla shares sunk and drug down entire sector

tiger2201 wrote: Hi neo,

completely agree with you.

I just don't get it about people are selling NLC, NLC has $65 millions cash, it is the next one to become a producer, but it droped more than 10% today? Unbelievable!

The only thing I am worrying about is the big expansions from Albemarle, SQM, Ganfeng, Livent, etc. If they expand too much too fast, then the rising lithium price will be stopped, and may become over supply, like they did last time.

At this price, NLC is a buy.

tiger

Yes, oversupply time was not fun....
It is a double sword issue, though. If Li miners won't expand fast enough, manufacturers will lose confidence in EV (at least temporarily) and slow down the transition, demand will fall and so our s/p...

neosceptic wrote: Cannot wait when Li industry start behave like an industry, not Tesla's extension..
Tesla was overpriced, using classic methods (163X earnings), but growth was / is surely impressive.

Technically, Li miners should be more in correlation with production (hense Li consumption) not share prices or valuations of manufacturers, never mind single manufacturer (though some inidirect connections exist), but we live in time of extra nervous and not always logical market.

What is more important is that the large inventories that were accumulating during surplus time are slowly depleting (do not remember the source..).