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Couragethe

221 Posts.

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22/08/23

09:26

Post #: 69469762
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Originally posted by Giovanni33: ↑

Yep. I really like the potential here but I feel like I have to chime in and offer an balanced view on this because there's a lot of blind assumption this will just keep shooting up vertically.

1. It's had a massive run up since being re-listed. Some was justified because of the events during the halt. Some was not.
2. People who are not in for the long term are obviously taking profits. Let's not pretend those people are not here, of course they are. And they are sitting on massive profits since this opened from de-listing near the 40c mark.
3. We are waiting for drilling results, which may or may not hit. If you're saying they're going to 100% hit you're being disingenuous. Visuals are never a replacement for drilling + assays.
4. Yellowknife fires. They might help to clear the forest and make it better in the future for those of us who are here long term...but they are not good short term and are going to cause delays. (we are more than one project of course, but the market likely only cares about 2.)
5. There are people like me who think about all of the above and may come to the same conclusion they should free-carry while the market is being irrationally hyped and then top up the position lower once the above plays out. I have done just this and will re-add more if this returns to a more realistic valuation for this stage of a junior.

All in all, very bullish long term, scared of this ending up like SLM's hype short term and this is just my opinion and I would welcome others if they disagree to explain why. More discussion is always good.

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Good to see wise decisions articulated on here

LLI Price at posting: 79.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $12.51M

Open	High	Low	Value	Volume
13.0¢	15.0¢	13.0¢	$20.66K	155.7K

Buyers (Bids)

No.	Vol.	Price($)
2	10116	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	12688	1

View Market Depth

No.	Vol.	Price($)
2	10116	0.130
1	77500	0.125
1	116000	0.120
1	50000	0.115
1	15000	0.110

Price($)	Vol.	No.
0.135	12688	1
0.140	146591	1
0.150	47927	2
0.170	32400	1
0.190	6956	1

Last trade - 14.33pm 27/09/2024 (20 minute delay)

LLI (ASX) Chart

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