Yes, news is all it takes for a run to happen but there seems to be alot on here that are putting a lot of hope into these next round of announcements.
Eyre: - REE potentially game changing (sent off 6 weeks ago) - PGE/Ni should have a results soon but won't have too big an impact as initial results - Li need the heritage announcement and then hopefully they already have the drilling campaign lined up. Wouldn't be a SP mover but would be showing the company is getting somewhere.
Isa: - Completely unknown. Update could be huge but with no drilling or samples being sent off. Not sure what could be announced other than an aggressive drilling campaign. This is what I want. Even if SP won't move, the company is moving in the right directon - Previous results, lets just agree their dusters. 17 weeks for one set of cores, give me a break.
NZ: - Need to hit the feeder, otherwise a wasted campaign. If we hit the feeder, well well well. Could be a nice run in store. Results were advised should have been released 2 weeks ago, so anyones guess now.
Besides the REE ionic confirmation results and maybe the NZ (if we hit the feeder) none will cause a re-rate. We are waiting to start drilling for most key campaigns. Until we have results from those will won't get that rip your face off run imo.
I agree with most here that this is a good entry point. Maybe only another 20% to bleed lower before no one will give up their shares. Will just be your patience tolerance with the management team. Getting to 6 months without a drilling campaign at Isa. During summer and the wet season be approaching....
LRV Price at posting:
16.3¢ Sentiment: None Disclosure: Held
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