Many posters on this forum need to take a few patience pills. you can listen to any of the respected commentators in the lithium space (Simon Moores, Howard Klien, Rodney Hooper, Joe Lowry etc ) and they all say it takes a mininum of 9 to 10 years to get a lithium mine to the production stage.
Lepidico has been working at this for around 7 to 8 years so IMO they are still ahead of the accepted time line, and Lepidico are developing not only a mine but the chemical plant as well, so I am prepared to give them a lot more time.
At the moment the market is playing with the share price, however as Rick Rule would say ( the market is creating a buying opportunity at a massive discount ) and IMO the fundamentals of Lepidico have only gone forward over the last few years, and if finance doesn't come from the DFC it will come from other avenues.
Many posters on this forum need to take a few patience pills....
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Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.2¢ | $296.2K | 98.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 157 | 208699235 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.3¢ | 6665000 | 4 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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0.3¢ |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 10063373 | ||
| Last updated 15.58pm 07/06/2024 ? | |||||
| LPD (ASX) Chart |