Critical Elements Lithium Corp V.CRE

New bottom today. Good stock

[Boursicotte]

New bottom today&nbsp;<br /> <br /> Go CRE Go&nbsp;

[Wheeler]

You may be right Boursicotte, Li futures were up big last night and the China spot price for Carbonate, Hydroxide and spodumene were unchanged. The Platts spot price for spodumene was even up 6%. The short position was cut in half at the end of December and it looks like there's support at 82 cents. Certainly to early to tell but I'm considering buying some back today.  Carbonate

[Wheeler]

Well  so much for the support at 82 cents.

[monkeyhere171]

As I said couple of weeks ago,  the bottom will be in the  70c.. Why?? I referenced FL price as that was the bottom price for them and they are at the money stage. Just consider that that's how the market values juniors now.  Hence kicking myself for buying back full position.  But should be noted that FL is much more liked by the market than CRE hence my stop loss set up

[bigops]

Wheeler -- where do you gather your intel on Li futures and pricing in general. My personal belief is that CRE and all Li names are down due to the spot price -- we are not unique. Just plot us against all other Li companies and we are trading down based on commodity pricing. We are slightly more punished due to the fact that we have not secured a deal at this time. Low prices are the antidote

[monkeyhere171]

Bigops, you should consider that the bull run can be delayed for years if Trump wins. Which can very well happen but that's a different story. But if he does, the IRA will be cancelled, no incentive to build local LITH supply chain.. why do you think NA car manufacturers are pressing the brakes??? They have floors of people to analyze risks and I think they will wait until after the US

[Wheeler]

Trump may slow the IRA but can't stop it and he certainly can't stop the EV revolution, it's getting far too big. Interestingly, many republican states are positioned to benefit from the IRA and are building out manufacturing plants and conversion facilities. Bigops I follow it on twitter at  https://x.com/lithiumpricebot?s=11 and https://x.com/carlcapolingua?s=11

[bigops]

Tks Wheeler. I agree with your outlook -- the EV revolution is here to stay. NA manufacturers are often fast movers -- and they moved fast into a declining economy. Why are they putting on the brakes...likely because there was a general deceleration of the economy and lackluster car sales/leases in the past couple years while interest rates were climbing incredibly fast. Not because over the

[monkeyhere171]

Disposed of 50k shares at around 80c average .. recorded 20% loss and will look to trim further 50k in the next few days. Don't like how this is going so will be keeping 100k only. Since I don't expect any new in the next few weeks, this will loose more ground IMO.As noted everyone has different risk tolerance so GLA