Club Mulgoa

Tuesday, January 10, 2017

Lithium

Because Li ions are small (lightest halogen) in weight relatively, it packs a punch with its electrical effect.  But when investing in lithium mining stocks, there are many CEOs who know Li is the flavour of the season.  Hence, they will shift to highlighting the stock's lithium credentials.

The problem is it is very expensive to produce lithium ore and both expensive and longer if it is in the from of brine.  And you have to have your customers.

We got into GXY by default, mostly via GMM which was taken over by GXY.  If the rise in GXY was spectacular, it is even more so with GMM because a premium had to be paid for taking it over.

One stock that has risen but not as dramatic is NMT.  The good news about NMT is that it is IN the process of shipping its ore, with a Chinese customer.  I have topped up but because I bought the bulk a long time ago,  I am still in the red.

1 Comments:

Blogger Club Mulgoa said...

Today my NMT shares went beyond the average buy price. I bought the shares a long time ago and topped up at 44c, which is higher than most of my previous buy price. At least, the price is moving in the right direction!

7:50 PM  

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