Pilot Plant Progress, page-7

The current falling share price is a real head scratcher for me.
I feel a bit like Michael Burry did in The Big Short when his credit default swap options kept falling when he knew that should have been rising as the subprime mortgage market was collapsing. I would have thought that as the construction and commissioning of the demonstration plant gets nearer to completion then LMG becomes progressively de-risked and next steps like the construction of the 10k tpa plus commercial plant and the 100k tpa Malaysian plant start to come into view.

But the sharemarket is an irrational and often counterintuitive beast. Eventually FOMO will have to start to kick in and LMG will get the market capitalisation it deserves imo. But when? Probably after LMG announce successful commissioning of the demonstration plant towards the end of the year.

Seems like a lot of investors are waiting on the sidelines and prefer to wait rather than invest now and hold for 4-6 months until successful commissioning despite the share price being ridiculously cheap right now.
Hopefully LTHs like myself will eventually be rewarded for taking an early position and patiently waiting

Jasp