How can lithium stocks continue to impress amidst the 2022 bull market? This company shows how!
Nick Sundich, December 16, 2022
Lithium stocks have been among the hottest stocks in 2022. But with dozens of small-cap explorers, how can you tell which one will stand out? Obviously, high-grade results get investors excited, but there are more ways to stand out.
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Not every company recruits the ex-boss of Sandfire
It goes without saying that management makes or breaks any company. All lithium stocks will tell investors they have highly experienced management. But Balkan Mining and Minerals (ASX: BMM) is certainly true to its word.
This company told investors this morning that ex-Sandfire (ASX: SFR) boss Karl Simich has joined its board. Simich has 36 years experience with publicly listed mining and exploration companies, most recently a 16-year stint at Sandfire.
Under his watch, Sandfire grew from a micro-cap explorer to one of Australia’s most prominent copper miners, following the 2009 discovery of the DeGrussa deposit. Simich will only be a company director, not the CEO or Chairman, but his experience will be invaluable as Balkan seeks to follow in its footsteps.
High grades help Lithium stocks too
Balkan Mining also released its latest results from its Gorge project in Canada. Results included 1.8m @ 3.75% lithium. These results caused shares to rise by 13% this morning to 36c.
This level is well short of highs seen in September last year, but still double the level seen 6 months ago.
Balkan Mining (ASX:BMM) share price chart (Graph: TradingView)
Despite how hot the lithium sector has been, Balkan has differed from other lithium stocks in declining during 2022. The company is called ‘Balkan’ because it has projects in Serbia. But after incidents at other mines in the country, Balkan has sought to diversify and now is pegging ground in Canada.
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