Australias Chris Bowen has just walked away from an aggresive EV target of 89%.
Lithium has lost its sheen for now and we are in a small cap spekkie stock where punters sometimes take a hit on small parcels of shares and go play elsewhere . Price drops here are on low volume and they bouce up when the sellers exit the bulding .
You need to be patient on these mate.
I sold Northern Star at $1 due to frustation, they hit $16 a couple of years later . I sold a parcel of Liontown at 40 cents , they hit $3 a couple of years later.
Management always said M16 are doing the drilling so save LSA a cash burn.
Even if theres a good strike somewhere you are in for a slow up and down ride because nothing amazing happens until mine life gets determined IMHO.
BTW before buying in to LSA I could have bought a new Toyota 4WD with the cash . I couldnt get a second had Hyundai under 5 years old now . My skins deep in this game .
Luckily Ive been through this before.
LSA Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
