because market noise is generally not worth paying attention to if there is no fundamental driver behind it, it provides a good opportunity to make cheaper purchases or take some profits if you will, but it more often than not provides no useful information about a company’s future.
LTR has gone from above $2 to below $1 to above $2 in the last 6 months on absolutely zero genuine negative news.
ongoing sell down? A year ago we were 20 cents, for most of this year we have averaged around 40 cents.
If I said that the falling price should be ignored then that was a mistake on my part, because if the price continues to fall and the fundamentals remain the same or improve then it presents a better value opportunity than it did at a higher price.
As far as I can tell with the information we have about the pioneer dome resource size, metallurgical qualities, location and spodumene prices, we have nothing to fear.
ESS Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held