A lot of us on this forum have been around since the pre-PCD days and have a long term outlook for LCK. This is just another derisking milestone for me.
Am I disappointed we're not 50c+? Absolutely. Does it change how/when I'll trade this stock? Absolutely not. Just keep accumulating at these levels and sell in 2023 for 5-10 times the current SP.
If it's one thing I've learned from my relatively short amount of time investing, particularly with mining, is it takes a lot longer than anticipated to send the SP rocketing.
The difference between the announcement of the PPL and the success of the PCD, is that the the SP had taken a significant hit during the operation of the PCD - We'd dropped from 20c to 8.9c. This time we've rallied from 10c to 18c prior to the announcement. Also, I've noticed this year there's been a lot more "buy the hype, sell the news" than previous years. BUT! When people sell the news, it provide a good opportunity to buy, as often the SP rallies a few days later.
Chill out and enjoy the ride - the outlook is good from here.
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0.3¢ |
Change
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Mkt cap ! $6.543M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $3.668K | 1.137M |
Buyers (Bids)
No. | Vol. | Price($) |
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19 | 34688881 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 34185751 | 17 |
View Market Depth
No. | Vol. | Price($) |
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17 | 29188881 | 0.003 |
48 | 97139103 | 0.002 |
21 | 100805000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 33765751 | 15 |
0.005 | 12743103 | 19 |
0.006 | 4706835 | 8 |
0.007 | 641000 | 1 |
0.009 | 700000 | 2 |
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