1 the price to go up and
2 to be able to sell to the highest bidder.
Once they sell it it is gone.
I am not sure if it is still happening but I think likely so considering the shortage that lithium is only being sold once certainty is there for the company selling it that they can get some more and what that price will be.. As a result selling with margin on top at a price that takes into account the inbound shipment.
In short I don't think the hoarding is something to be concerned about right now especially with it being such early days when it comes to increasing demand.
So when it comes to increasing demand it's going to be pretty important I think for an investor to be able to capitalise on it fairly rapidly whilst the going is good.
The company having potential offtakes already sniffing around is a very good sign that they too can see the near term potential of the company.
Not long now till First Cobalt comes off their trading halt and if I get my tax return in time I'll probably dip in and buy a few more just for a rainy day.
CO1 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
