At one point I held 13m share in LPI ( 2017-2021). I bought from 50c all the way down to 12c. managed to get my average to 19c. I was a big fan of Cristobel. I exited around 45c just a few weeks prior to the move to $1. It was so annoying at the time, but I needed to volume to exit from all that Regal had sold to me. I have always kept a close eye on proceeding here and it appears to me that Regal are selling again from the recent 60c cap raise. I still believe that the Maricunga will eventually be producing Lithium. The question is when. When I bough in 2017, Management told me they would be shovel ready in Q12021!!! No that looks like 2025 at the earliest. Having said that, the stock looks cheap and the time to buy is when regal is almost finished exiting. DYOR, just my opinion. Sentiment change to buy below 30c.
LPI Price at posting:
29.0¢ Sentiment: Buy Disclosure: Not Held
