RE:RE:RE:RE:RE:Fund Manager: NILI has SPECTACULAR GRADES Loughatorick wrote: There is a glut of lithium now. The high initial demand in 2023 spurred exploration and existing producers expanded their operations. In 2024, rate of EV demand slowing and more supply coming to the market, hence decrease in commodity price.
Surge is still determining the size of their resource and mining will not start for many years. In 2030, EV production is slated to be running at full bore, and supply will be less than demand.
As an investor in Surge, the current price of lithium and current EV adoption rate is next to irrelevant.
Also to add to your point investor money is at all time low flooring into Toronto Stock Venture stocks. The TSX Venture is at all time lows in volume and dollar value. A lot of investors realize that it's just a money pit and the only people that make money from these kinds of stocks are day Traders and scalpers and they also need each other and group together and use algorithms to move them