LOT 3.13% 24.8¢ lotus resources limited

LOT Chart, page-56

  1. 1,707 Posts.
    lightbulb Created with Sketch. 1864
    Haha, yeah pay that one. The 12-month chart should show flies buzzing around it.

    If we zoom out to a 5-year chart though, it's easy to see the upside that even a reversion to the mean promises. As a quite well capitalised company with an obvious and material headstart on Uranium explorers/developers (i.e. a previously producing mine), and with the selling appearing to be sector-wide due to the banking concerns in the US, there's some chance it rebounds well from these levels. Obviously I can't say for sure, nobody can, so not advice etc. Just justifying my decision to average down from my recent entry point today, which I have.

    https://hotcopper.com.au/data/attachments/5140/5140428-83d46c1229f9c08b40a3f44fcff20fd9.jpg

 
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LOT (ASX) Chart
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