Club Mulgoa

Monday, January 30, 2017

Lithium stocks

The flavour of the last quarter is lithium...  The world needs energy storage that is cheap, high capacity for size, reusable, reliable, light weight,  and recharges quickly.

Lithium is currently the number one choice.  Hence the small companies are looking for suckers.  A mere mention of lithium (intention to explore or suggestion of potential) would be enough to make the share price jump.  However, ONLY if the discovery is big or potentially huge (with high probability), then the market would be of interest but that is still risky.

The only ones to invest in are those which are producing in sizeable amount with decent mine life.  However, you are too late if you are considering it now.  The likes of GXY and ORE have already jumped a few months ago.  NMT is starting delivery too but it too has moved higher.

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