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17/04/18
22:41
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Originally posted by asb83
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I think $2.50 is the target. A nice round $1b market cap is acceptable/reasonable. $2 is a bit greedy.
Over 15% of outstanding shares are currently shorted, so there's a build up of leverage moving to the buy side.
Besides that, there's not really any near term catalyst for share price appreciation.
The quarterly report won't produce anything that isn't already known.
If you take the midpoint of the last half of 2018, there's still a good 5 months until a deal is done for SDV.
Lithium prices in March dropped a tad from the previous month, so no catalyst there either.
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It'll take some time
Tesla just halted another production lane as I write this.
The $2 mark is like the $1.50 mark last year (after consolidation of shares)
$2.50 is probably where a lot of stop losses are placed, so could trigger a wave of selling.
PLS DSO already in play contributing to lithium price decline .... it'll be interesting to see how much PLS could ramp up in supply.