- A number of Li companies have recently made new 52 week lows...

- A number of Li companies have recently made new 52 week lows (new lows over the last 30 days highlighted in red in the table below (date of recent low)
- Only two companies have made a new short term high over the last 30 days highlighted in green (date of recent high) (WR1 and ATLX).
- The top 3 gaining companies (from recent low to current SP): WR1, LRS & WC8
- The top 3 losing companies (from recent high to current SP): LKE, CXO & SYA

It's clear that the market is still happy to reward significant positive news (for example WR1 with it's plant acquisition option and ATLX with offtake and prepayment news).

However, where there is a lack of news or bad news, the market is either punishing with sell offs or simply letting stocks drift slowly sideways and downwards.




From an LRS perspective, it's fairly amazing the share price has held up so well despite the company only releasing 2 price sensitive announcements in 5 months (7th December to current).

We are starting to get close to a period where I feel there should be more news:

- Planalto, there was a drill pad ready to go on the 28th March satellite image. At the 30m per day production drill rates, there has now been time to complete at least one hole. Depending how many rigs are now there, we could have some news from Planalto this week or next.
- In-fill drilling was expected to complete at the end of March (and I assume it did). The JORC upgrade is now due next week or the following week.
- Offtake discussions should be towards the pointy end but hard to know just how close we are without an update from the company. The most recent presentation very roughly shows offtake due at the same time as JORC upgrade - so maybe it's possible in the next two weeks?