Lithium (again)

Last Fall I got interested in Lithium stocks. This one in particular. I even bought a few shares, realizing it'd take a while for gains to materialize. Indeed, the stock has dropped from $2.19 (when I bought some) to $1.38. SO I was delighted to see that somebody has raised their price target to $4.40. Now I'm happy.

 

Lithium

Okay, so I check out that stock that's supposed to "triple in five days" and it's a company that mines lithium (in Nevada). Lithium? Is that good? AHA! Lithium-ion batteries, the energy source for the 21st century, eh? So I look at Canadian companies that mine Lithium. (Investing in U.S. companies and I get screwed hurt by the exchange rate.) ------------------------ YES! I find Western Lithium Canada ... up 322% over the past year. It's (gasp!) drilling lithium in Nevada. Take a look at the past 5 days: So I put in my order this morning. Now what? ------------------------ Warren Buffett bought a big stake in a (surprise!) Chinese Electric Car company. That stock has grown (about) 500% since last year when he bought it. Don't these cars use lithium-ion batteries? ------------------------ I reckon it's time for me to larn somethin' 'bout lithium, eh? Click! Then, too, I should check some charts. Click! ------------------------ Then the next great things are Vanadium batteries ... and Western Lithium is acquiring a Vanadium mining company in Nevada.