Took a small OP position on Thursday at .019, think it was the only trade and was pleasantly surprised on Friday. Think that Green Bush announcement may have had something to do with Fridays rise.
Take the lithium away and the company is a another mining disaster with a pretty skinny balance sheet. Some of NT assets have potential with gold and uranium.
Had to decide between this and the more advanced Orocobre, also between the heads and the OPS. Decided ORE is nearing being fully priced and not much potential for expansion in the shorter term. It may end up with the pack that will oversupply the market in due course. The OP buys have built up indicating it may be regarded a less risky way to go for some speculators, myself included. Also ignoring brokerage are comparatively priced with the heads.
The lithium resource reads pretty impressive especially when it is extended out by price and taking in to consideration expected future demand. Early mover advantage is critical.
Think I will have another spurt on the OPS on open.
DYOR IMO etc
AJM Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
