If I was new to the stock I would buy, the charts are looking good and you should be able to trade on the Li hype.
I will be holding because I have averaged down to 7.5 c. The "management debarcle" over the last six years has been a joke and the lack of information, and what information we did get were all proved to be lies. Hence the MD leaving but he should not be the only one to go.
The management team is very incestuous to say the least. Leon Pretorius is the god father to the Chairman's Children and the useless MD is from Leon Pretorius' past from Paladin Energy and Namibia. They proceeded to give themselves bonus shares and milked the cash to pay their wages. They consistently underperformed and misslead the stock market.
So as I say, new to the stock, trade the Li hype but dont trust this management team to perform or get anything in to production. If they do get into production I will be the first to apologise and eat humble pie.
I think you probabaly get the idea how I am leaning.
I will be holding until I make money but I am flabergasted that incompetant, ignorant, arrogant people can get away with running public companies.
Now everyone this is purely my opion and it should be taken for what it is. I dislike incompetance and ignorance, let alone arrogance. My observations of the industry, it would appear that there are plenty of good mining people unemployed that could easily get the last tungsten project and the Lithium into production. This team has managed to stuff up everything, but of course, "it is not there fault", everyone and everything else is to blame.
DYOR
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Last
3.8¢ |
Change
0.003(8.57%) |
Mkt cap ! $85.00M |
Open | High | Low | Value | Volume |
3.7¢ | 3.9¢ | 3.7¢ | $23.13K | 610.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 412692 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 691932 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 412692 | 0.037 |
1 | 309307 | 0.036 |
1 | 100000 | 0.035 |
1 | 1300000 | 0.034 |
1 | 500000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 691932 | 2 |
0.040 | 552845 | 2 |
0.041 | 52633 | 1 |
0.043 | 100000 | 1 |
0.045 | 30000 | 1 |
Last trade - 15.51pm 16/08/2024 (20 minute delay) ? |
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