Liontown and Jervois both on a high so far this week
Lithium, along with cobalt, nickel etc, is a hot commodity no doubt. There is plenty of supply from around the globe as well.. but the resources to process and refine the raw materials is where the contention lies. Lots of supply, lots of demand. The middle man companies, or the ones that own their own refineries and processing plants were always going to be the grinners in the end. ![]()
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A wise man told me to compare it to the original gold rush... who made consistent money? Not land owners or miners who occasionally hit big.. It was the middlemen selling picks and shovels who made money. Consistantly.
I've been going on about Liontown for a long time, also $Jervois Global Ltd(JRV.AU$ and $Novonix(NVX.AU$ . I've written various posts on why I follow these guys..
I admit, I thought we'd hit higher by end of Feb. Suspending work at JRV's ICO was a spanner, as was LTR's rejection of Albemarles offer (from spanner to leverage though..they want north of 3... let's see..)
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北木彬 : May I ask what is the trend behind JRV? There is news that ICO will not start construction again until 27
MooMamaLlamaOP 北木彬:
MooMamaLlamaOP : a little like Novonix.. they're across a few markets, many governments and investors have put a lot into these projects so often when things seem down a govt loan or investment comes along......which gives a boost in confidence and price. JRV originally was capital raising successfully on its own. Seems lower material prices have hit it right now, stalling the ICO, but they're still drilling and working.
My first dip last year was 0.51, averaged down 0.1 sat in nice profit but was stubborn and held too long end of last year. Still, 0.1 isn't far off imo
北木彬 : JVR has been falling, I've been buying it, and I'm losing quite a bit now, but I'm still confident.
MooMamaLlamaOP 北木彬: same here. overall quite confident this will climb back now.
北木彬 : What's the average price of your JRV
MooMamaLlamaOP 北木彬: .109 now.. maybe a dip tomorrow will change that
MooMamaLlamaOP 北木彬: what you get your avg down to?
MooMamaLlamaOP MooMamaLlamaOP: my apologies... .109 was a different ticker..
jrv is .149
北木彬 : It's about the same as my account; my other account is quite a bit higher.0.24 or so
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