I suppose a means of setting against my own expectations. I ran some pretty detailed analysis on the comparison of Sigma and LRS in a previous post and their price catalysts.
The movement with Sigma didn't happen until they started derisking closer and closer to production. There was no catalyst in PA on the release of PEA for example.
That and the combination with ASX stocks tends to be a higher probability to sell into the news. Historically LRS tends to happen quite a bit followed by sensible buying days or even weeks post-news drops.
I will be very happy to be wrong on this.
LRS General Discussion, page-13866
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