MB,
What you say is true.
But every one of those things including good drill results, DFS, Offtake and finance will lead to a further derisking and re-rating of the stock which is why many of us have taken positions now.
And given the Pre-Feasibility study was positive, it's hard to see the DFS (with additional drill results and resource size) being anything but good. On top of that we have a rising Lithium Chemicals pricing which is projected to keep rising for the next few years.
So all looking good on that front.
One of the things I like is the volume currently in the trading. It has been the largest volume in recent years - there was also good volume in January but all Lithium stocks had a bit of a sell off at that time. The current trading seems pretty solid and leads me to believe there are some decent sized holders taking long positions and waiting for all the boxes to be ticked.
I expect to see further management appointments in due course as they start to ramp up and get more serious about getting into production.
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $48.93M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $11.85K | 325.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 414685 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 84312 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 414685 | 0.035 |
3 | 72661 | 0.034 |
6 | 105782 | 0.033 |
1 | 31250 | 0.032 |
2 | 122290 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 84312 | 1 |
0.040 | 70000 | 1 |
0.041 | 66202 | 2 |
0.042 | 318894 | 6 |
0.043 | 20000 | 1 |
Last trade - 15.43pm 03/09/2024 (20 minute delay) ? |
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