Is the bottom in?, page-1522

"What do you expect"?? It's all there for all to see. Taking CURRENT issues that are affecting the SP, one would need to include an unopposed attack by shorters as being significant. Then we have seen a major crash in the price of Lithium. Has impacted on the whole Lithium market. There is, clearly, market doubt about the very viability of Lake's major "project" and Lake's ability to deliver it. General market sentiment to Lake is poor. That's obvious to your question.
What to "expect"?? Let's change that to what is NEEDED.
Shorts being reduced, even removed. We have seen an over 60% reduction in open shorts in the last 10 days from 43 million to 16 million. How sustainable is that? But, significant.
We must see a substantive increase in the price of lithium. That, in fact, would be a double benefit to Lake as it would, very likely, increase the market sentiment for Lithium stocks and very likely remove the shorts.
Now, those two "catalysts" would, IMO, just support the punter market for Lake shares. Catalyst reactions. At 4 cents, provides the punter with the "potential" of some reasonable increases in the SP. But, that's strictly for punters.
Now, let's get into the heavy part of the discussion. The seemingly doubting market sentiment to the whole Kachi project.
At the moment it's ALL negative for Lake and it's SP. Totally, very little, if any, market support from retail investors. No doubt.
Well, then it's time to look at what Lake is proposing and, apparently, working towards. Refer to the latest Presentation.
That's Lake's future in black and white for all to see.
Now, IF just one of those "targets" is achieved, and announced, an inked signature, IMO, there's a chance of a reasonable chance that that would brighten sentiment and probably have some positive impact on the SP.
Let's say, that they get another positive result, then another?
For the believer, investor, that would most certainly generate some positivity, and, very likely, for the overall market's sentiment.
So, it ALL boils down to the eyes of the beholders.
Those who have faith in Lake's Presentation aims, it's a fair bet.
No faith in those aims, forget Lake, hands off, and go somewhere else. Simple.
But, don't spend hours on HC decrying the decisions of those that do believe in Lake's plans.
They are not children who need their hands held and being preached to. It's THEIR DECISION!!! It's THEIR money!!!
The next week's numbers will provide at least some indication and "could" start the ball rolling. Simply DYOR!!!