Just an observation, but it seems unjust that the near term producers all went north today,, but LLL went south with the specs that have little more than rock chips samples.
... feel comfortable accumulating at these levels given the sell off since IPO... and partner Ganfeng, and their push to accelerate the time line, access to equipment, undoubted political power, and issuance of $40 debt facility. Add to this managements on market buying at higher levels.
Charts has moved with certainty only over very short durations and then taken another path so may take the likes of SYA, LTR, CXO to march consistently higher before the market takes a serious look at LLL's relative undervaluation.
Personally think the sellers are still being washed through in a risk off environment whilst the 'safe' (?) jurisdictions are leading the charge higher. And then the the next level moves up and lastly the 'rock chip' specs start to move higher.Seems the market is placing LLL in the same 'risk basket' as the rock chips players for the moment.
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