Post by
neosceptic on May 11, 2021 6:30pm
So far, May is not nice to Li stocks
I know this is a dip, due to exit of speculative capital. The Li prices are stagnating (though on the level we could not even dream, just a year ago).
Soon, reports of Li producers will show improved numbers, which will help.
I know that time is working on us, because NLC is in transition between explorer to pre-production company that will affect its Cap.
But it is not fun to see one tumble after another....
Comment by
RuudinFrance on May 12, 2021 4:54am
I find a kind of sad happiness in the knowledge that last financing was at $3.05 The team timed that right, even though SP was higher at the announcement. There are some crux interviews with gold miners in Argentina and they state that Argentina does not pose a problem for miners. They claim exporting profits is not a problem. Keep heart and have fun.
Comment by
Theschnitzel on May 13, 2021 11:31am
Tough markets, we are approaching the 200 dma and some key support at the 1.70 - 2.00 range. Right now we are quite oversold, a great time to add to some positions and for others to initiate. To me this seems like we are approaching the final flush before we find our feet beneath us.
Comment by
Theschnitzel on May 13, 2021 11:41am
FOMO buyers rushing for the exits , sentiment fearful, nothing fundamental has changed. Yup i'm adding here big time.
Comment by
tiger2201 on May 13, 2021 1:11pm
I see other lithum stocks are down, but not 10%, it is too extreme. Are there any particular Argetinia news related? Waitting for my money from my CIBC into TD account, just cannot buy it today, pitty! tiger
Comment by
Mazz45 on May 13, 2021 5:42pm
I started a position today and will certainly be adding once I see this stabilize even if at higher prices. Couldn't resist starting a position today as I've been doing my DD on NLC the past 2 weeks and was prepared to buy at 2.70, let alone today at $2. Very thankful for the entry price and I plan to hold for some time.
Comment by
tiger2201 on May 13, 2021 9:48pm
Hi mazz, Its typically 12 to 18 monthes, depending on many things, such as initial grade, wind, temperature, etc. Since NLC is high grade, that helps to reduce its time as well. Tiger