I prefer not name mutliple names on FFX thread. They are not hard to find, naming one I say RLC -
it might be a flop. I also few stocks in less than 5c range already but taking this opp to add to 4 more. The rest on 15c or so that are much more derisked.
Look for juniors that have below charatisics and decide how much you are comfortable
1. Nearology with tenements -> if you are flush with cash and you prefer to bet straight up single number - up to 5c
2. Nearology with aerial or ground stidy ->if you are better odds bet on a street - up to 10c
3. Explorers with drill results and are pre PFS -> if you like lower risk like a dozen - up to 15c
Easiest ways to find the names these days is to google search for lithium players and on *, fools plus even on YT. Yes YT.
I would take whatever the recommendation from any of these publication with grain of salt or outright ignore them if you are watching vid with meme thumbnail. But once you have names read HC threads and announcements plus more respectable industry sites.
Tip below 4c ignore the SOI. It goes from 1c to 2c to 3c on announcements and in reverse too.
The RLC example I bought 200,000 RLC at 1.7c total $3400 and it is 4.4c today, NOTE: I give it 20% chance of becoming a miner, especially considering it is DLE and DLE unlike ROCK has many more pitfalls, DYOR. With Rock all you need to know tons in ground, how deep and how far to port. With DLE there are many other variables like, one brine has x mineral that makes it 100 times harder to extract lithium than another brine without x mineral. Though now with at $2500 DMT SC6 lol even if ASIC is $1300 its worth the risk, even if you consider 4 or 5 years down the line.
If it gets to 10c I will research more, than double down or sell 100,000 or even sell the lot.
If it gets to 20c I research more, let it ride or sell another 50,000.... At the certain point I look to sell down or hold depending on how my overall allocation is in sector/country/stage.
Personally that is how I play the game and it is one of many ways. Like I alluded to some investors like to find a nugget and hold on for dear life. Me I dont have any affinity to the shares I own... it is pure dollars and cents. The goal is get more winners than losers.... But in such a hot sector like Lithium its like plucking cherries, some will be perfectly ripe some will be rotten but most will be fine to eat
Finally I wouldnt buy RLC at 4.4c if I was looking now as it is DLE would likely watch if it hits 10c or even 15c with information. My motto Brine aint Brine
