LRS chart, page-6029

Todays volume was well below average. The SP seems to just be drifting as investors are waiting to see what is going on with Li prices (prices in China have been dropping at a fast rate), soft economics around the world and the Chinese futures contract getting savaged. Sigma’s recent SP drop is probably adding another bearish element.

I was a bit nervous our assay ANN would be a sell the news event, but again, volumes were on the lower side.

I am assuming most eyes are on our PEA which makes it (IMO) a likely high volatility event. Depending what it shows, it’s likely that many bigger investors will be making decisions and voting with their capital.

If Li prices continue falling up until when we post the PEA, the ANN is going to have to be impressive to avoid a negative market reaction.