LCL 5.88% 0.9¢ lcl resources limited

partner or no partner ?., page-2

  1. 529 Posts.
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    If Mr Market is sick of waiting we'll be seeing <1c and no doubt if we don't get news in the next 6 months that's exactly where we're headed. While you're here Toquepala, why don't you bring something useful to the table, at least give us some good reasons why we should stop holding.

    I'm pegging we'll be heading down in the next few weeks (only 30% chance though), maybe even see low 1's or if hell breaks loose, we'll see sub 1c. That's when I'll re-up.

    On the corollary, I think what's most likely is going to happen is that we'll sustain our most recent gains from our lows and just taper off on small volume. Don't let the small volume fool you into thinking that this is a weak stock. We have all seen what happens when the big volume and smart money start heading in.

    No doubt, my price target is now much much lower than previously. I think areas around 70-90mil market cap is a good re-rating target. Anything above that imo is just unrealistic, although, if I do get lucky I think we may catch a wave up to 150mil market cap.
 
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