This has got many of the attributes that should drive share price strength in the current environment:
Strong balance sheet providing safety margin and potential to grow earnings by acquisition
Cheap absolute valuation (PE and EV/NPAT metrics) / large valuation discount to market
Attractive market - DFM in strong position to build market share in healthy food sector which has great growth potential. Agriculture sector in China has got great long term fundamentals
And yet deeply oversold on technicals e.g. RSI levels.
Should rally strongly from these levels IMO. Thin free float will amplify any rise just as the fall has been so sharp.
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
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Non--Executive Director
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