AZL General Discussion, page-17541

I'm not cross promoting - but perhaps some frustrated holders might gain some comfort from this graph. This is Anson Resources share price - an ASX early stage lithium play in the US. I held shares through quite a few years of really tough times - share price went from 30c to 2c after some bad drilling results and some major delays in announcements. Once they got through that - the price climbed right back up. The issue with Lithium and early stage mining - is the bubble and pop scenario you get from un-educated gamblers trying to get rich quick on hype stocks like lithium. If you know enough about these cycles - you can use 2c opportunities to get greedy when others are fearful. you just have to exercise some extreme levels of patience. BLM permits will come eventually, sometimes they just take a long time. For the record - my first shares at anson I got for 20c, then continued to buy through the 2c period to average down to 4c. I see a lot of similarities with AZL.