I think it still has legs. Whether its glue factory time should be known in the next quarter I hope.
As for the commentary around LPD not following the sector up, I think it's worth remembering:
1. We're valued at 0.6c, and trading between 0.5% and 0.8c over the last few months. That's a big range of over 50% from 0.5c - has the sector moved that much? Doubt it, but I didn't check in posting this. If I am right, given that range I doubt the comparison is going to tell us much.
2. We're a pre-revenue microcap. The sector's market cap is mostly made up by revenue producing companies. Arguably not a good indicator for that reason.
3. Not only are we a pre-revenue microcap, we're a quasi-industrial company with a significant portion of potential revenue stemming from non-lithium products, as opposed to a 'traditional' hard rock or brine lithium miner. So again, the broader lithium sector, lithium prices, etc, while certainly relevant, may not fully correlate to our SP performance.
4. As far as I understand it, when an upswing in any sector begins, money tends to pile into the revenue producers, then as momentum builds and value in those companies dissipates, the unloved 'prospects' and 'upstarts' tend to receive spillover investment. Perhaps we aren't at 'spillover' stage yet.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.343K | 447.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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49 | 47763637 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 59957080 | 55 |
View Market Depth
No. | Vol. | Price($) |
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48 | 47510304 | 0.003 |
180 | 260809023 | 0.002 |
46 | 186590039 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 59957080 | 55 |
0.005 | 17297984 | 23 |
0.006 | 6145261 | 12 |
0.007 | 5373897 | 7 |
0.008 | 2687232 | 5 |
Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
0.3¢ | 0.4¢ | 0.3¢ | 1242095 | ||
Last updated 15.58pm 28/05/2024 ? |
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