LOT 0.00% 35.5¢ lotus resources limited

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  1. 1,702 Posts.
    lightbulb Created with Sketch. 1853
    I reckon 16c was a great price to add a few yesterday. It's well known as a volatile sector so the banking issues in the US over the last few days have seen money pulled from any such corners. Could well be deeply oversold already, but depends on your timeline.

    Of course there may be further weakness in the macro environment, but this listco is well capitalised after a recent CR, and is well placed to recover when the wider market simply reverts to the norm - never mind if/when the Uranium market starts to bubble again. Averaging down isn't always the best idea, but considering the factors surrounding this dip - I think this is one of the times it's a good opportunity.


    https://hotcopper.com.au/data/attachments/5139/5139399-c5b4331da09de732865bea8841660e4a.jpg
 
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