This news must bode well for A40. It appears, a real problem is about to hit Abemarle and SQM, the lithium brine companies. Chiles water authority (DGA) is about to place limits on water extraction from the Atacama Desert, due to environmental concerns (lowering water table) and climate change. Chile is moving to protect a natural resource that has been depleted after decades of mining activities. See link below. https://www.bloomberg.com/news/articles/2019-02-21/chile-squeezing-water-rights-for-copper-lithium-miners-in-north If I was a gambling man, this news may enhance hard-rock deposit desirability to a new level and in particular, be good news for A40. I feel this issue being faced in Chile, could possibly create a mining shortfall. Perhaps, this will be the trigger, for a turnaround in the lithium price....... I guess time will tell all.
A40 Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held