Post by
tinker901 on Nov 02, 2023 9:31am
Where do we stand
All lithium stocks have been beaten up bad this year.
Personnaly I always look at Albermarle as a reference. Their shares were at 325$ not too long ago and are now at 123$. They are down 62% from their peak.
On our side we got up to 2.87$ and at 1.37$ it is a 52% decrease.
Other juniors ( non producing ) are in even worse shape. Frontier is a good example down 75% and Rock Tech is down 64%.
Markety swings are a bummer for sure. But in the end, electrification is still a thing and Quebec still wants to be a big player.
CRE has the goods and the permits while other juniors are many years behind.
It is taking way more time than I anticipated to get there, but we will........hopefully before the end of 2023.
GLTA
Comment by
JRVansant on Nov 02, 2023 9:45am
cant imagine a deal coming in the next 2 months, right now i've adjusted my expectations to hopefully having a deal by may 2024.
Comment by
JRVansant on Nov 02, 2023 9:47am
I wish we could edit posts because i also want to add that this is a good post and a great reminder to look at the larger market.
Comment by
Wheeler on Nov 02, 2023 8:02pm
No one is rushing into any Canadian lithium plays right now, our 122 000 volume is not that different from Pmet. Etl, Fl or Sgml, not many buyers here but at this level but also not many sellers.