RE:Great day Hey Rinny,
Thank you for all the informative posts. Much appreciated.
Here is my opinion based on some recent info from Rock Stock Channel, and Mr. Lithium (Joe Lowry)
1) China produced a shmit load of surplus batteries and that is starting to diminish so at one point when they start feeling insecure again they will resume buying raw material.
2) Joe is very happy with actual lithium prices between 20 and 30k. Thinking about it, on the first lithium run around 2017/18, when the price hit 20k for carbonate we all thought we were blessed, since the cost for making carbone from brine or hard rock was between 3500 to 5000. There is still very large profits to be made.
3) Critical's DFS using a 1850$/ton price for chemical concentrate is still a very good deal. And the technical stuff is still hard to get a hold of.
So that is the positive side.
a) Then on the least positive side watching all the lithium plays move from 60 to 75% on the down side is pretty depressing.
b) Was is a good decision to wait for the "'deal" ? I am pretty sure that if tomorrow we had an 8 hour to window to sell at February 2023 prices most of us would be downloading a large part of our position.
c) News about Albermarle cutting production is good and bad. Putting too much product on the table contributes to diminishing profit margins for sure.
d) If a deal is announced tomorrow, just how high would our SP go ? Looking at Albermarle again, they are a producing company and in todays market they are down just like us.
e) And finally, China is buying a lot of cheaper material from Africa these days.
Hopefully lithium 3.0 will come to the rescue. There are signs pointing to a new run, but with so many new players it will probably be more like an aftershock of lithium 2.0
Myself, i am still part of the longs that are holding on for the mine decision. The only other thing I can do is write to Santa :)