AI
HC stands for Hotcopper, which is an Australian site similar to this one, but the Aussies get much more involved in their stocks, so you can learn quite a bit about their research and chart opinions. I highly recommend it if you invest in Australian lithium miners.
I think that it is getting close to bottom and may have started bouncing back. The big news coming soon (weeks) is the final confirmation that Corean giant POSCO will buy the north tenement in Argentina for $280M. This money plus what they have in hand will help Galaxy fund Most of the Argentinian plant and maybe even get started in Canada with much lower borrowing. It is also expected that POSCO will work with Galaxy by applying its technology to the brine. If it works, it may help shorten the evaporation process considerably (from months to days/weeks). I think the SP will react positively in anticipation of these news or shortly after. It is possible that today’s minor uptick could be the start, but who knows(?). I mainly hope for a stop of all the crap that is affecting the lithium sector. I am sure my buddy NW2 will be the first to tell me if my prediction is right or wrong.
Good luck!
I think that it is getting close to bottom and may have started bouncing back. The big news coming soon (weeks) is the final confirmation that Corean giant POSCO will buy the north tenement in Argentina for $280M. This money plus what they have in hand will help Galaxy fund Most of the Argentinian plant and maybe even get started in Canada with much lower borrowing. It is also expected that POSCO will work with Galaxy by applying its technology to the brine. If it works, it may help shorten the evaporation process considerably (from months to days/weeks). I think the SP will react positively in anticipation of these news or shortly after. It is possible that today’s minor uptick could be the start, but who knows(?). I mainly hope for a stop of all the crap that is affecting the lithium sector. I am sure my buddy NW2 will be the first to tell me if my prediction is right or wrong.
Good luck!
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