lpd share price, page-3263

No, I took your comments as constructive and in good faith, and your latest post too. In respect to OVL, I didn't believe it would do that well - and I didn't use that expression, though had doubts about it, not suggesting that you are attributing them to me. What put me off them was the country, Uganda, in which they were operating.

Moving on: The latest news out of the USA about Albermarle and its sales and profit forecasts for the year, hit by a continued slump in prices for LCE,and its share price lost $US5.86, down nearly 7%. It affected most of the leading producers SP's by pushing them sharply lower, however most retraced some of the lost ground by the end of the day , two thirds to par.

Here I've included ABL over 6mths and a comparison with SQM, with LPD attached below:

What is encouraging is that none of those included have broken below their lower support levels. The longer these support levels are maintained the greater their validity of a turning point.

However, as the double bottom for LPD already been made?

The trend line C D has transitioned from being a negative influence to one of support, albeit supporting the declining trend, which bounced off the rising green base line. A breakout above C E will confirm, in my opinion, that sentiment has turned completely. C E will replace C D as the supporting fan line, although by this time I would expect that there will be a strong intermediate upward trend of rising lows. However, the fundamental criteria will need to kick-in, such as: BFS, FID, off-take agreements, Cornerstone inv, P1P build etc.

So, much as yet to be done in the next couple of years.

All the best naughtpatjoe.