Hi @Charterrierist. I have long appreciated your posts and am grateful for your market insight, which is often reassuring when our share price wobbles. I agree with you that news flow and increased attention would be very welcome and hopefully we will soon see Edison Group's assistance with this, as we were informed in our last quarterly.
Bouncing something off you here, as I gather you have vastly more experience than I do. Something I've accepted, or rather have become resigned to, is that a company's share price rises or falls when "they" want it to. When first on HotCopper I was puzzled by allusions to the Market Makers or MM, for short. 5 years later I question if there even is such a thing as a free market?
Yes, "a rising tide lifts all boats" and holding several lithium companies, clearly we can see they often move simultaneously both up and down, but some companies have almost the same chart, regardless of the announcements. Both AGY and AVZ for example traded within such a tight channel for 2-3 months recently, in spite of good news. It does seem to be that after "they" have accumulated, the share price runs while they "distribute" and all the other jargon everyone here will be familiar with- tree shaking and the like.
My point is: I wonder can management ever influence the share price? Beyond looking after the company that is, trusting that eventually the share price will align with fundamentals? It certainly can be nerve wracking holding long term, but it appears to be that way by design. It's been a long time holding our breath, but fortunately we have price sensitive announcements around the corner, while as a planet we draw nearer to mass uptake of EVs and battery storage, which surely will boost companies in the renewable energy sector. Patience testing absolutely, but imo LPD will come good.
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Hi @Charterrierist. I have long appreciated your posts and am...
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Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $2.57K | 1.034M |
Buyers (Bids)
No. | Vol. | Price($) |
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75 | 71232057 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 67119639 | 49 |
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No. | Vol. | Price($) |
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75 | 71232057 | 0.002 |
74 | 185140869 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.003 | 48619639 | 48 |
0.004 | 28493176 | 33 |
0.005 | 12697535 | 11 |
0.006 | 2391995 | 7 |
0.007 | 1047189 | 5 |
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