Thank you for all your valuable insights so far, Dawg.
I've sold all my holdings of approx 2.3m shares some last week and rest yesterday for all same reasons.
Learned some of the most crucial lessons of my life.
Agree 100% with Dawg about CEOs taking their decisions with their egos rather than numbers and market conditions. In fact, I find Oil producer a lot smarter and mature as compared to their Li counterparts as even after centuries, they manage to control the tap of their productions based on market conditions to earn healthy margins.
I might be wrong however unless something very exceptional changes in conditions, I see Pls easily heading sub $2.00, dragging lrs down in near future.
I also believe Li will turn around, although it'll get worse before getting better unless conditions exceptionally change, which I hardly think will.
GLTAH.
LRS Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
(20min delay)