Replies to post #9482 on Lithium Americas Corp (LAAC)

[tikotiko]

I think that Tesla and perhaps others are looking at LAC, but I don’t have a good feeling about what will happen. I think that Musk provided hints about his interest in clay, which could mean LAC, but he may be using it as a strategy to make separate deals for brine or spodumene. Battery Day left me with more questions than answers, but Tesla still remains the obvious choice. I also think that it may be difficult for Ganfeng or another Chinese company to get into NV due to the strained IS-China relationship. Alone last possibility would be a major US/European car company or a non-Chinese lithium or battery company. I believe that many deals will happen in the next 1-2 years while lithium prices stay down.

I am also not a chart expert , but I think that one key is to find strong support in the mid $7s. If this happens, then I think we will see another jump above $10 in the near future. If that support does not hold, then I think we will see $6s or even $5s and and I will buy the rest of my shares and more. NW2 and Ks may have a better feeling about trends, supports, etc. One thing to add is that the election, the pandemic and other global events can throw a monkey wrench easily. I am being extra cautious with my money until at least January.