I think we have seen all lithium stocks come off the boil, but I noticed over the weekend and Friday some reports suggesting a big rise coming in lithium stocks as the world gears up for the battery revolution, be it electric cars, energy storage and general cell phone lithium battery connsumption.
But the big talk comes from our management alone, and as I have already mentioned, this is out of character as our management are generally conservative and not known for hype.
To be talking JDR are a potential takeover target by RioTinto because of our nearology to the Giant JADAR lithium deposit is certainly something that needs to be taken seriously. I personally bought in for this nearology, and I was well aware of RIO sniffing around, especially that all production in this area will go directly to the nearby Tesla factory, but when our management spoke about this on friday to the public publication, then this changed all the dynamics for me to a very strong buy.
Monday and the coming week should be very interesting for JDR.
drifta