ORE another lithium play

[Joshuatree]

FWIW 4TRADERS have consensus, 6 buys , 6 outperforms and 1 underperform.

[Joshuatree]

Down 14% today on argentina news. Temporary Argentina tax changes
Estimate by a few of re 6-8% hit to profits. Ive been in so many years and multi bagged so i treat this as a blip and may top up again, see how low she goes.

[Filthy]

GXY & PLS down 4% for the day as well JT.
A bad few months for lithium stocks eh.
Both GXY (17%) and ORE (15%) being shorted big time & held down.
Strange considering the long-term tailwinds.
All to do with those Lithium prices though.

[silu]

It's all short term play IMO. Looking at 2019 and beyond long-term investors in the lithium sector will be rewarded. However I believe there will be consolidation and a lots of the juniors will have trouble getting their projects going. My only exposure to lithium is LAC (Lithium Americas) on the NYSE at the moment. Used to hold GXY and EMH (that project really is mired in CZ's political climate). Same with anyone with too much exposure in Argentina. Those inflation numbers are crazy.

[Joshuatree]

According to trading economics the lithium price is only down 2.87% for the year. To think Toyota paid $7.50 a share not that long ago.
Had great fun and gains with EMH.

Getting in and out of hot sexy trends is the strategy, for swing trading. Marijuana stocks was another example. Battery metals especially copper looks like one to start getting set in now plus uranium, more and more being considered a "greenish"solution to coal fired power stations.

[Joshuatree]

Wow,Lithium price accelerating, down another 1.51% today, 5.82% down for year now.

[stevo1]

Sovereign risk has always been a factor and the uncertainty that goes with any overseas project.This is the problem here ATM .how it plays out into the future(election next year) is anyone guess.Ore have been getting good prices for the product.Probably NOT a good time to buy in (catch the falling knife).All pretty murky now.I will hold through it .

[Joshuatree]

Each day in every way evaporation is getting better and bigger, the share price smaller and smaller, lithium is up 5% in a month, im anticipating an avalanche of chinese cheap as ice EV's to start migrating over the world.Something is going to POP! ​ Definitely investor bias here

https://drive.google.com/file/d/1yMBD0W-oBz_p9HDb9tEEUWTndEhBHnXA/view

[Joshuatree]

Electric vehicles: Follow the money How much are automakers spending?

$300 billion spend?

[shasta]

I'm fairly concentrated towards the EV disruption with exposure to Nickel, Lithium, Copper and Cobalt through holding IGO and NMT.

For those interested in the Lithium sector refer NMT thread.