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50.5¢ leo lithium limited

Wombat2, We are on the same page.Good fortunes to all...

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JD61

145 Posts.

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26/10/23

15:15

Post #: 70556395
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Originally posted by Wombat2: ↑

Dont beat yourself up too much as all investors make mistakes!! I have lost count of the mistakes I have made but you keep learning and it is very very important NOT to ever repeat a previous mistake.

I dont believe that you will loose your investment!!

With such a good quality partner in Ganfeng and a very good, large , high grade resource LLL should do very well once the plant is up and running at name plate capacity. Hard to predict what the eventual Share Price will achieve but $1.50 seems to be probable assuming the selling price remains at historically high levels. Anywhere over US$1,000/t and we should be doing very well.

I have a personal target of $1.50 but would consider derisking if it hits higher than $1.75/share.

Great deposits normally win out in the end and we have every reason to believe our is a cracker!!

Three biggest risks IMHO

1. Mali Government behaviour

2. Freight to the port (1,000kms)

3. Building risk and ramp up delays

I have no plans to sell until well into production. From memory I have about 400,000 shares so it could be a nice wealth earner if the SP reaches > $1.50

Good luck to all investors

Cheers W2

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Wombat2,
We are on the same page.
Good fortunes to all investors.
JD61.

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
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