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Is Global Lithium Resources (GL1) a good buy at current levels?

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Is Global Lithium Resources (GL1) a good buy at current levels?

MM bought GL1 in the Emerging Companies Portfolio, allocating 4% around $2.52 on 09.11.22 I believe. For subscribers who have not already purchased the stock, given MM's recent caution toward the lithium sector in the short term, does MM now suggest holding off for the moment on purchasing GL1, whether at or around the current price (GL1 closed at $2.28 on 16.11.22) or in general? In the current circumstances, what entry point would you suggest subscribers target in the short term, if any? Thanks Darren

Answer

Hi Darren,

We still like the Lithium trade and Global Lithium (GL1) in particular but as you say we are more cautious  in the short-term because of market positioning hence a scaled in approach is worth considering i.e. x% around $2.30 adding to the position over time as the medium term backdrop here is a very positive one in our view.

 

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Global Lithium Resources Ltd (GL1)
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