I agree with your assessments cordingup. The market is already tight with lithium supply and I cannot see supply easing in the next 24 months before the other miners come online. I am hoping Telsa's recent sales bookings will only fuel additional demand for Li. Wouldn't surprise me if vendors want to hedge the pricing for the next 12 to 18 months. Since the 1st of the year, we had almost tripled in SP and it has receded in the last few days. IMHO, it is normal and healthy for this slight reduction in SP if all fundamentals stay the same. If not and the price kept rising on a daily basis without any correction. on one hand I would be elated and the other, I would be very concerned that we may be forming a bubble in our midst and then timing becomes critical. If that happens, we would be discussing when does common sense or greed take over?
DYOR and enjoy the ride.
GMM Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
