TMT 1.45% 35.0¢ technology metals australia limited

Time to breakout, page-1746

  1. 1,017 Posts.
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    this Is my theory but i think the lithium bull run of 2016 which ended up creating new mines from junior explorers like PLS, KDR, AJM, TAW made investors a lot of money. this gave investors (myself Included) confidence that there was good money to made investing in the electric revolution and to take calculated rIsks

    then last year came the cobalt bull run and a lot of the potential "next cobalt mines" have fallen apart, the cobalt prIce has collapsed and the likes AUZ and CLQ came out with very underwhelming FeasablIty studies with extremely high capex and not one of the aussie cobalt plays looks like they will make it any tIme soon TBH... then to add to that this year lithiums also had a major correction

    that leaves you with a lot of burnt investors and they are applying very heavy discounts to stocks like TMT! I think last few years If there was a lithium or cobalt stock with half fundamentals of TMT at this stage the valuation would be over 200 million easy!

    I guess investors have had a reality check and realise picking the next junior to go mining is no small feat and the achievments of PLS,AJM etc should not be underestimated

    our rerate wIll come but as U saId, we may need to work harder for It and de-risk more then lIthIum and cobalt stocks had to before us to get Investors to pile In! Its gonna take offtakes or some sort of elon musk moment as everyone keeps saying!

    anyways hoping for a 10 cent friday? anyone game enough to call It???
    Last edited by Therookie88: 18/10/18
 
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