It's fair for anyone to be reserved about the risks with the company operating in Mali but at a market cap of c.$29m I see minimal risk in investing an amount that someone can afford to lose to hold for approx. two months, by which time the drill program will be well underway and the scale of the pegs will be known.
Upon success, SP will be well over $100m. Someone investing now can sell and free carry profits if so desired but still gets exposure to the upside if the Company is able to navigate the risks associated with Mali.
Just seems a no brainer at these levels. I do feel sorry for anyone stuck in LLL or AVZ but there was a long time where a lot of money could be made and take out profits.
Ann: Drilling to commence at Tier 1 Lithium Blakala Prospect, page-12
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FL1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
0.015(12.5%) |
Mkt cap ! $10.75M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $5.991K | 46.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16306 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 20566 | 1 |
View Market Depth
| Last trade - 13.16pm 11/09/2024 (20 minute delay) ? |
| FL1 (ASX) Chart |