LLL 0.00% 50.5¢ leo lithium limited

Understandably the SP drop from recent high of $0.67 to current...

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    Understandably the SP drop from recent high of $0.67 to current price $0.525 is not encouraging (- 21%) besides we have resources upgrade and more recently DSO progressing on time and budget news . Every time there is continuous price drop, the risk saga of being in Mali surfaces. It is sure someone is buying at this price and they see value in it. If you're a long term investor, you look at bigger picture what this will become by July next year. The ground reality when you compare LLL with CXO, LTR, LKE, INR A11 etc, GL1, Leo is far more ahead and return on investment is more justified than anyone else in ASX considering as project justification is done at right Li price.

    I hold a share WBT, it does not have any revenue but it has become a >1B MC just on news, even on red days like today it is green, however it has seen bad days (in October 2022 it was trading below $2.0) but if you look at todays price it seems $2.0 ridiculous or even $0.27 in March 2020.

    Do we check price of our house everyday, same here come back and see if LLL does not acquire $2B MC by June 2024. When it drops below your expectation, accumulate more (not a buy or sell advice)
    Last edited by ExtraPace: 22/02/23
 
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