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50.5¢ leo lithium limited

My friend... This hasn't got any reason to go up in the medium...

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tinyventures

548 Posts.

118

10/11/22

17:06

Post #: 64699703
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Originally posted by GARETH78: ↑

You don't get it?

This is a prime example of a company that pretty much appears to have had no risk / reputation mitigation plan in place, for potential fallout created by another company, with the investment community.

A pretty well telegraphed fallout one way or the other I might add.

Worse still, they have a lot of corporate overlap.

If you lie down with a dog, don't be surprised if you catch fleas!!

Yes, they did put out a tweet with IMS starting ground works. 10 pieces of equipment, maybe another 10 for surveyors, foreman etc

Let's hope the focus is on mitigation in Mali, I would be happy with that as eventually the SP will sort itself out, even with a decent Africa discount.

A read of the risks section in the LLL prospectus is all another source of information that may assist with explaining things.

All IMO of course but I think the numbers speak for themselves that since last Thursday a free fall of the SP has taken place, going against a lot of the sector.

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My friend... This hasn't got any reason to go up in the medium term.

Its 6 months away from being interesting
12 months away from being exciting
24 months away from being an 'investment'

Unfortunately, its a bottom draw up and down with the bots

LLL Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
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