I've been a holder of LNR for a while, I'm down roughly 50% but I'm sure alot of holders currently are.
Now small caps and especially explorers will always be extremely volatile, it's the price movement that creates the potential. These stocks can do 5% - 10% gains in a single day and 100% on the right announcement. You don't invest in these kind of stocks and expect the price to remain flat, if you want that then buy an ETF or Blue Chip.
If you roll the dice, trust the projects and proximity to other larger players like HAS and DRE that's the best you can do. Some juniors will go bust, some will go sideways and some will be the next MEI or Lynas. Don't put all your eggs in one basket.
The entire REE Junior sector is down at the moment, projects like HAS, DRE are down much more than 50%. Now the fundamentals of the projects haven't changed, the demand is only increasing for RE and the decoupling from China will only continue.
I think 2024 will see a recovery in RE prices, more interest for investment in critical minerals. Off the back of a low SP and positive progress LNR can only go in 1 direction. - IMO
LNR Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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