Originally posted by Simmpa
I think with the merger of equals behind A40, the one-off efficiency improvement cost behind A40 and growing production now ahead the company has finally found its floor.
Personally, i think anything sub 30c is compelling value, and with a benign macro environment we very well could see 40c in 4-8 weeks. Just a thought. After that? Some analysis on the new production rates and costs is required, but i still think there's a lot more in it.
Gamble responsibly (i stole that).
I agree that 16 is bottom. but can't see 40 in 8 weeks. (its too sharp incline on charts)
Also the Global Lit ETF is the primary driver for worldwide Lithium stocks.
For now we're all(ASX) locked into following the U.S. Index which is still in downtrend ... so all 'shorted'.
However, we have a good chance of entering the ASX 300 in March-ish.
That will attract more Insto's & serious investors ...
first resistance is to get above 20..