Neo Lithium Corp NTTHF

Tesla shares sunk and drug down entire sector

[neosceptic]

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..).

[tiger2201]

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

[neosceptic]

[Awester210]

Thing is! Tesla is down because of the other auto manufacturers entering the EV market. I think short term shock by Tesla.  That's great news for the lithium market. On my Td we broker account market anaylists are saying strong buy and 3.85- 4.30 short term target price.