Ann: Further High-Grade Drilling Results at Goulamina, page-162

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5,773 Posts.

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31/05/23

10:24

Post #: 68050532
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Originally posted by cha: ↑

hi @Tanotfa
my trading notes have lll as churn still with no significant volume
the horizontal is 56c/57c
the significant volume day was at its 81c high on 12.9.22

the good news on lll is that it has decent cash and a bright future so happily building a position on the hammers
my expectation is to see lll churn back up to 81c but until it becomes a midcap producer where the numbers can be crunched on its opex then it is at mercy of the bigger players
the lithium stocks like cxo have almost the highest daily short positions on the asx. i wonder if the shorters are targeting lithium non producers expecting the spx to fall here or there is more to it
lll is not being significantly shorted here and is now being allowed to flow up

i actually like the shorters working a stock over. the hammer almost always predates a decent move up. it shows there is decent news on the way and they want to maximise their trades

lll was tested over the last few weeks. when the volume comes in and price stalls then i will be out of my trading parcel
i used to be more precise on the charts but i found the genuine future midcaps like lll make their own path just by being patient
i did top up on lll on its recent hammer down and am very pleased to see this move up underway

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my trading notes are lll has doubled here from spike to spike
will see if gets through this trading hump
100% gains always tempting
new high
well done lll
sold 2 trading parcels from sub 50c and letting rest run
trading wise I expect backtest but i have learnt over the years to let the potential midcaps have their head
otherwise I outsmart myself on the trading
I have found it very hard to rebuild a decent position on a rerating stock
but some are found out and fall back to a few cents - like hio just here and many others
others fail to move on corporate take over
it is a tough game but the winners bring a smile
c'mon lll management.
continue the good fight for shareholders
macro for lll is right place right time

LLL Price at posting: 91.0¢ Sentiment: Hold Disclosure: Held
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