Can this dead cat bounce?
Finally!! This stock has been sitting in my portfolio for a while (since Livent days). Bought this as a proxy play to EVs and then came the oversupply of Lithium (Thanks to China). At one point, this was so red that I had written off this stock. With the news of an acquisition bid from $Rio Tinto (RIO.US)$, hopefully, this dead cat can finally be resurrected.
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102458277 : Hopefully It will above 5 soon
Bear Bear Craig : Good pick!
Mario_Eps : What is China's influence on the lithium supply?
The _Contessa OP Mario_Eps : Great question! Why do you think the spot price of Lithium Carbonate slump in the last quarter of 2023 and hasn’t recovered since?
Hanboy73 : Well done! Your patience has paid off, the temptation to cut loss is high given its lacklustre performance for such a long time.
The _Contessa OP Hanboy73 : Thank you boss 🥹