@1ronnie - and @kalinda - 1ronnie is doing a good service, but not everyone can see that.
I've got a bad-luck story with an explorer. If anyone had provided a sobering opinion on several rare earth stocks I invested in in 2007-08 (and they were doing well for a while) - I would not have lost approx. $90 000. I also got saddled with a heart condition as a result of my obsessive attention to the stock market, often going into the night staring at the screen, reading, looking for information etc. (I then did not look at a single stock for 10 years!) All three companies are still going concerns, producers even, but none of the high expectations were met, despite good management etc. I have stopped 'watching' - I don't know why the s,p, is still relatively low, despite having reached dizzying heights in that early time of hope and expectation.
LTR is a different matter though; for a start, the mineral is a 'safe' mineral, the resource is large, it is in a safe country, is needed and maybe the end product will even be produced here, but one truth I have learnt is this:
resources stock, once they have 'discovered' and proven their resource to be worthwhile and they begin transforming into a producing mine, seem to all go through a stage, where the s.p. - initially - in that discovery phase - goes sky-high - then retreats and then lingers on through to production phase. Offers to purchase by bigger companies tend to re-value them for a while, but that, too, fluctuates.
IMO: Those initially high prices seem to be nothing but a reflection of the positive sentiment of many many people buying into the story and into the stock - they drive the price high by each other's excitement as it were, creating excessive demand.
The smart investor (and I am still on a learning curve here) takes his profit and runs - looking for the next hopeful - maybe keeps a stake in the company, if there is a good resource and good management (as is the case here) - but profit-taking at that early honeymoon stage is a must. IMO
Having said all that, I believe Lithium is one of the important minerals on which the future of mankind depends, needed for all our green technologies; wthout greener technologies, we will not flourish, we will wreck our planet.
So: Go LTR, you've got what it takes, a great resource, great management and a worldwide need for your eventual product - and I will be buying again - but not right now.
Go well
Taurisk
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B |
Open | High | Low | Value | Volume |
91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 472933 | 90.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.5¢ | 446423 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5786 | 0.900 |
4 | 110000 | 0.895 |
34 | 321661 | 0.890 |
8 | 180544 | 0.885 |
17 | 389749 | 0.880 |
Price($) | Vol. | No. |
---|---|---|
0.905 | 22997 | 2 |
0.910 | 105000 | 5 |
0.915 | 95187 | 4 |
0.920 | 25500 | 1 |
0.925 | 44911 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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