Yes the retrace has not been as harsh as many.
It can also be argued that we never had the opportunity to reach potential highs against a peer group.
Since listing we are still under performing most AUS LI stocks. US Stocks have pulled back hard the last month.
Its should be noted the starting point for LLL on the below is close of 52c 23rd June - 26% below IPO Price. Alot of companies enjoyed 100% + gains. LLL just over 55% (52c - 81c)
It's by no means all doom and gloom for LLL, but Simon and Co. need to nail a number of things over the coming weeks (DS0, Capex Budget update, Funding update if required, MRE Update etc), this is on top of delivering the project in a timely manner.
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