Lindian Resources - a major rare earth company in the making

Lindian continues to be one of the better performing rare earth stocks, getting its price above 30c last week. That may be a reflection on how it managed its recent capital raising, keeping the market tight, but the positive news flow on metallurgy would certainly be adding to the Company's credibility.

The lithium price has come off from its heady heights late last year and many lithium company share prices have moderated as a result. We are now seeing speculation as to whether the correction is over. Maybe, maybe not. There has been plenty of corporate activity in the lithium space, suggesting that we shouldn't be too concerned with monthly price movements in lithium as that is not affecting M & A activity. As with many commodities needed for batteries, short term price movements don''t correlate with longer term projections of supply shortages.

The first wave of the larger lithium plays have been favourably treated by the market, but what about the next wave? Those companies that are belatedly joining the game are, in many instances, unrecognised by the market. Perhaps it is time to take profits on the high flyers and switch to the more highly leveraged beginners, where exploration results might generate heightened speculative interest and relatively better share price performance. With this thought in mind, this week we cover two modestly priced recent entrants to the sector; Battery Age Minerals and Voltaic Resources. Coincidently, both companies are run by Irishmen. 

 WeeklyComm22April2023.pdf