I posted a fair while ago on this but basically it was a combination of TA, fundamentals and macro (lithium in Brazil)
@TA - there was a kick up after a long period of stagnation, the 200 and 50 crossed (bullish signal). Looked similar to LRS It's crossed again but of course TA on a small exploration company is like reading tea leaves (but having said that, it was a factor that made me buy into LRS At sub 1c very low Market Cap of $20M so any significant whiff could 5-Disallowed quickly (I would then offload some).
@fundamentals - they announced entry into Brazil Li (then later they announced significant more country incl in same jurisdiction of LRS). Lots of very positive indicators of potential Li in the leases plus immense landholding
@ macro - lithium will have a long sustained run due to electrification and storage revolution. plus Brazil as a mining jurisdiction - attractive less red tape speed to production etc
Definitely not advice at all - still doubts around the JV entity but hopefully will be sorted (but still a nagging thought tbh). Need actual drill results to make this ping so delays there also hurting short term. But I'm a long term investor not playing for pips) - once LRS got above 10c the movements were more or less in half cent increments not .1 and that made a huge difference
Plus my high risk taking profile - I decided to go in hard at high risk and get in sub1c (I started buying LRS at 2c so still have 8M heads @ avge of just under 4c - so am acutely aware GMN can still go backwards or lose the lot (name of the game) - but atm I am a bit down (with 40M heads + 10M GMNO) so just a big punt - but still.....a calculated risk
They're just a few of the key points not exhaustive Im still only a mug investor that got lucky with one company
Not Financial Advice GLAH
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