I still consider this a good trading stock but the sp will have to steady out a bit,
The market certainly didn't like the recent announcement. This stock was called a bargain buy even when the sp was near $1.60,so going on that,what is it now.
However,$5 in the future is very optimistic unless there is a huge increase in reserves and ng prices hold for a couple of years.
If this stock has such great potential,why is the market valueing it the way it is.
I guess if I had a large shareholding like you,I also would be trying to ramp it up and only look at the positives.
I consider it a very disappointing stock,just like avm,which was also going to take off in a big way once the canadian listing got under way.
I have held both stocks in the past but will not re enter until a more positive trend is evident,and that could take a while.
- Forums
- ASX - By Stock
- one large holder selling up...?
I still consider this a good trading stock but the sp will have...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online