LPD 0.00% 0.2¢ lepidico ltd

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  1. 2,237 Posts.
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    Can't really answer the question, wouldn't answer it if I could, would be too busy making mad piles of cash.

    Here's the two sides of the argument:

    Factors pushing share price higher:
    - 30m shares ready to buy at 2c+, steadily being replenished as sellers hit them
    - Expectation of a maiden JORC at any moment (it was supposed to be released in October)
    - Many would say the market cap is too small for what we have (I'm unsure of this, but it has been said a lot).

    Factors pushing share price lower:
    - LIT still probably hold 60m that they could dump at any moment
    - Still some months away from announcements about feasibility studies, which means share price can drift lower in absence of news.
    - Many have said the dilution hasn't kicked in yet. I disagree, and think said people don't understand what dilution is. But we might see people selling their new shares they receive. Given they were bought for 1c, there could be quite a bit of volume that is sold for a quick profit.

    Figure out which side you think will win and it will tell you what to do. Good luck!
 
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