Thx Blue....... i remember playing with gxy plp lpd dko...

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TreadSlowly

40 Posts.

06/10/17

23:03

Post #: 27727548
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Originally posted by Bluegoose ↑

Your name sums my thoughts up perfectly "Treadslowly". Tread carefully here. I'm also no expert but what I have observed in recent weeks and months is a fundamental shift in thinking from governments and car producers, a massive bull run for Lithium stocks and now the race is on.

It's hard to know but we may well be at the beginning of a life changing event where decent lithium stocks may run for quite some time - possibly years as the supply is unlikely to meet demand for a long time. I guess it may depend on the macro equities markets to some degree as well.

I have a mix of producers (such as GXY) and earlier more speculative stocks such as LKE. I don't see any reason to sell anything and I'm personally not trying to trade the volatility as I doubt I would get it right. What if by some small chance, we are an AGY in the making??. I actually picked AGY and LKE as my 2 preferred speccies several months ago at the same time when I did some research. I bought LKE which hasn't done much, and AGY meanwhile went from 3 cents to 30 cents. Bugger!!!!

I have no idea if LKE has a great resource, can develop it and how far it will run. But there is enough possibility to suggest for me that we have excellent land, good management, local government support, little dilution or shares on issue, small market cap and great prospects.

If we have a half decent resource at Kachi or elsewhere and we can prove it up soon and get a plan in place to bring it to production then 50cents+ is easily achievable.

But do we or don't we have a good developable resource?? - that is the question. I have taken a significant (for me) position of shares and options and am waiting to find out and I won't be selling for the foreseeable future - especially not to try and pick the ups and downs. But I respect those that want to trade as well - just not my style (which has held me in good stead with GXY which has bucked a lot of people off on it's wild ride).

Are we overbought - the chart suggests possibly not but a pullback or consolidation would not surprise. Either would an attempt on 10 cents in the near term. Hard to predict so I don't try.

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Thx Blue....... i remember playing with gxy plp lpd dko a2m....months ago hindsight is a beautiful thing especially a2m at $1.20 now its 6 + i think FA is good for me TA emmm not sure ....i have agy at 26 in it for the long haul gonna grab a handful of LPI and LKI and ride the cap raising to the end ....good times ahead i think

LKE Price at posting: 7.7¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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