LPI 0.00% 56.5¢ lithium power international limited

LPI Fundamental & Technical Analysis

  1. 4,340 Posts.
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    I am putting together a summary for new potential investors. Please also do your own research and this is not an investment advice as such.
    I am asking for any experts to share your view. Please do not spam with useless information.

    Fundamental Analysis
    MSB/LPI have ticked all the boxes along the way nicely. The recent news relating to the JV with Chile State Company (Codelco) makes the Maricunga project looks much more promising than ever before. Codelco generates revenue from copper sales of more than $14B every year.
    Codelco has all the permits for the Maricunga region and the combinations of their assets with MSB/LPI will generate billion in return in couple of years down the track. We are only behind SQM and ALB in Chile so that's give you some perspectives.

    Below are the upcoming key milestones

    https://hotcopper.com.au/data/attachments/1679/1679124-185dd91af59ef7c5405fc48c8311ce89.jpg

    Technical Analysis
    I am not an expert in this field so please feel free to contribute.
    As you aware, long term holders like myself had to deal of more than 12 months long term downtrend. The tide turned in May 2019 when Brispot decided to take their position. All the stars started to align together as the 20/50 EMA crossed over the 200 EMA. The trend continued to move upward however it faced long term resistance around 34.5c. With the recently news, it finally broke out. I believe the trend will continue with small retrace along the 10/20 EMA and very likely to break all time high of 67.5c.

    https://hotcopper.com.au/data/attachments/1679/1679149-bfece1803c3fe8ea516a5c12cb9f8338.jpg


 
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