Hi all,
By way of a bit of reality check potentially POSCO may have overpaid, generally valuations for all battery metal stocks are down 20-40+% over the last 12 months, there has to be more to that than some sort of market anonomly or JPM manipulating the market.
Look at AGY and GXY for example.... on a 12 month chart.
What I am suggesting is the uber optimisim of a 10 bagger in the short to medium term may actually be well off the mark, and assuming we turn up well mineralised brines as we all expect, it may only turn the shareprice dial in a modest fashion....
No doubt the over optimistic crowd will wade in on such heresy, but I callenge the clear thinkers out there to have a objective look and think.
For me, I have ~$60k invested here, I am hoping for a 2-3 bagger over the next 18months leading up to JORC
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