Share
782 Posts.
lightbulb Created with Sketch. 28
clock Created with Sketch.
11/02/16
19:31
Share
Originally posted by ozblue
↑
While the lithium price is taking off, we have lost nearly 30% from the top in a couple of weeks, on no news. Considering the income to be expected, then we were not anyway overpriced, in fact articles like the one from Pauldola are bullish and should have people buying.
It begs the question of if something has gone wrong in the processing plants timeline to first production. No news from the company is not helping the SP either at this stage.
Trading below the last trading range of 24.5-27c between the end of December and mid January is ugly on the charts to boot.
To me it is all adding up to something not quite going to plan at this stage and someone is selling out. It would be nice to hear from someone close to the plant (i.e. living in Ravensthorpe), what the general gos in the area was about the plant.
Given that GXY has had a similar fall, the silence does not smell right.
I've bailed for now, but will be back when the charts are showing a better set up, and after the news of whatever is not going to plan comes out.
I hope I'm totally wrong and wish all holders the best.
Expand
Nothing's gone wrong, go look at 90% of stocks to see how the recent fear in the world markets has affected them, pls has pulled back forms its highs as well something must be wrong behind the scenes, perhaps another deadline missed. They would know all to well about missing deadlines. It's on with the show over here ,first in best dressed.