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12:04
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Originally posted by rayien
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Let me just start by saying that I agree that a lot of these posts are overly optimistic and unsubstantiated. However, almost all the lithium companies in Australia are not yet producing and yet many of them have market caps 5 to 10 times ours. I do think as we get closer to production, feasibility comes in, drilling results come in, and we de risk in other ways we will see our market cap rise to meet this potential. All stock, but particularly speculative stock, take future potential into account when working out the share price and LPD s potential is off the chart which is why even prior to production we could see drasstic increases in share price.
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The price of this stock will be driven by technicals till we get a new significant announcement. The most telling factor now is the extreme volatility with still high turnover and substantial reduction from peak. This tells me that we are still in a fairly rapid decline which will continue at a continuously decreasing rate till we get another announcement. The next significant announcement is the DFS which is some time away. I see a decline for some time, no doubt, with large volatility.
(20min delay)