We ran to 40c before, pretty quickly. The sharebase was slightly smaller, but we didn’t have a PPL, nor did we have a BFS or any of the other recent achievements.
Global conditions, were also not nearly as favourable.
As a speculative stock, it’s anyone’s guess as to how the SP will move in the absence of actual cashflow.
But my feeling is that when we run, FOMO will kick in and we’ll shoot past 28c. With the BFS and then the MC moving up significantly, we then become a viable investment for deeper pockets looking to buy on market….. which will help push us further north again. The BFS is a massive deal.
All speculation mind you, but I’m very bullish on the possibility of a re-rate in the near term.
Tine will tell, but if were a betting man, I’d be very surprised if we aren’t >$500MC within 6 months.
All IMO and not financial advice. DYOR
Cheyne
LCK Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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