“apologies in advance... Q for maxi - what's your advice on LPI?”
@justdoit7
I don’t give any buy/sell financial advice as I am not licenced. So you will need to make your own decisions/conclusions. Just giving some general views only. More appropriate to answer you on the correct stock thread. Just corrected disclosure/sentiment, will request prior post removal.
I follow many stocks but haven’t been following LPI as closely as the past. Funds tied up elsewhere.
Clearly from the studies the resource is of the quality and size to support a case for significant production. Many variables at play though.
I was most invested in LPI when at the 60c mark when it seemed they were very close to a deal. Before the sector drop. Also tried multiple entries re-rentries. At 50c,40c,30c levels.
The regulatory environment around the project has turned out to be quite complex and hope for holders is a green light of the project with financial backing. Was sorry to see Martin go but these things do happen. He had put a lot of effort into the progressing the company.
The whole lithium sector has had a breather, tough 6 months. Hoping from July we will see a turn and better days for the sector. Mining and lithium is cylical. Like the dotcom there was boom and bust but it wasn’t the end of the internet. On the contrary. IMO EVs have quickly carved out a market niche and here to stay. Will take time to become more mainstream but the seeds have been sown. Many major automakers are positioning themselves for the future and the market potential is huge.
Still on my watchlist for in future. Good luck and all the best with your investments.
