LLL 0.00% 50.5¢ leo lithium limited

Why would you want out? The IPO price was set during a bull...

  1. 67 Posts.
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    Why would you want out? The IPO price was set during a bull cycle that popped before we listed. You bought into a developer with a two year construction timeline. The core resource was known. Funding and off takes were already squared away. Did you expect announcement of the EPC contractor to move the SP? This isn't a Canadian explorer with a $15m MC that rockets with every drill announcement. This is a risk/reward play premised on achieving production despite the jurisdictional risk. Commissioning and production were always going to be the major catalysts for the SP, both of which are tracking on or ahead of schedule. Successful DSO shipment will also represent a major derisking event. If you're looking to sell to right as we emerge from the orphan phase, one wonders why you bothered holding in the first place?
    https://hotcopper.com.au/data/attachments/5109/5109721-d0ef20aaeabdf3484121503b34709093.jpg
 
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