Originally posted by stevo 111
Cheers Newbie,
I get what you are saying.
As far as lithium goes..
Albemarle ain’t to do it, neither is SQM their issues in Chile are ongoing. Their forecast increases were for last year and never eventuated. Their production this year is on line to be same as 2018. The water issues are a spanner in the works on their own, damn flamingos!!
Nemaska in Canada is in serious trouble after the bean counters realised they would need anther 400m to complete the product, estimated delay a year, share price down 8% Tuesday.
Like you if I wanted a long and steady I would have invested in the giants ( I do have a stake in GXY) ,
But no I like the excitement and reward of watching young companies grow, that’s half the reward. And yes, the financial factor can be very attractive also!
Cheers Newbie.
Same as you, I used to hold Gxy more than one year and got AUD170,000 profit before tax, and now I change my strategy to invest new exciting company and hope grow with the company to obtain huge profit.
I didnot sell ASN last year high for 1m profit coz I believe ASN future.
Cheers, stevo111.
