Rounded bottom formation in play in my opinion. Major ascending support was bounced off. Government approvals have been VERY quick in Brazil, so I don't expect any hold ups with permits. Sigma is producing quality lithium that's being sold at higher than standard prices with 2nd lowest fob costs worldwide to produce. Could see the start of a positive elliott wave formation occur from here. I don't have it marked but it has been following fib lines with a positive pattern. Based off Sigma current market cap 1-2 billion market cap for LRS would be a decent target over the next 12-24 months, even if prices remain the same... WAY higher if lithium prices go up. This is one of the safest plays of the entire lithium market in my opinion due to costs to produce, permit speed due to government being pro lithium. the team which includes Peter Oliver, resource size+grade+purity and it's current market cap.
Just my opinion. DYOR!!
LRS chart, page-7225
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $531.8M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.0¢ | $20.64M | 109.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1620717 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 11183510 | 74 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |