Two things will happen upon the resource upgrade announcement. Remembering we’ve known about a 1.5-1.8 increase for over a month. The market is anticipating it already. If it’s 1.5 times, it’ll be seen to be at the low end and will disappoint. If it’s 1.8 times, it was largely expected anyway. Share price will either drop or remain roughly where it is for each respective scenario. That’s the LPI way. Feel free to call me pessimistic, but I’m going on history.
LPI Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
