LLL 0.00% 50.5¢ leo lithium limited

Ann: Port Services Agreement Formalised for Export of Spodumene, page-52

  1. 1,212 Posts.
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    In my opinion LLL is significantly undervalued at today's share price, considering its IPO price was $0.73, I jumped in when share price on whirlpool at $0.465 and went down all the way to $0.35 and I started to question whether I made a right investment. There were lot of risk involved, particularly when political scenario changed in Mali and there was risk of sanction from other African countries, however Simon Hay slowly but steadily stewarded LLL ship and started tick all production milestone then share price went up all the way to $0.80.

    Now closer production early next year (Q1) with almost majority of risk mitigated, port agreement finalised, the share price is drifting again to low $0.60. I believe next few days will be the very small window where new shareholders can get discount below its IPO price. The next move should take this to $1.0 as production cost of LLL is one of the most economical comparted to other Spodumene producers across the globe.

    DYOR before buying and selling.
 
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