Here's a nice chart showing the share price of half a dozen ASX lithium plays over the last month.
Five of these companies are overseen by chairmen who have a track record of providing transparent and honest communication about the activities and prospects of their companies.
Yes, we do seem to be very cheap at the moment and at the current price we probably represent a pretty good long term investment for those willing to take the risk. I certainly won't be selling at these prices.
Having said that, with the FFX dramas now looking like they'll drag on for at least another month, I don't think I'll be topping up at these prices either. Our momentum is already negative, despite the positive market sentiment overall. I think we may well test the 36c support level again sometime over the next month.
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