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03/01/18
23:12
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Originally posted by TheGekko
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Maybe, but AGY like many other junior lithium companies has been a MULTI-bagger over the last 12 months. There are a stack of lithium hopefuls that from a comparative market cap standpoint are doing a lot better than us, regardless of them having nothing like the resource we have - I just gave you one example. Despite all the great news, particularly over the last 6 months, the share price does not reflect anywhere near what Maricunga has to offer, ignoring the fact we have $40 million in the bank. The EV of LPI is appalllingly low for a project at this point in the development cycle and one which is looking to exploit one of the world's most precious commodities. One has to ask, how long is it going to stay like this? After all the share price was 47 cents nearly 11 months ago and we are 56.5 cents today. This is the share market, not a school classroom. Our mob need to market better.
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AND I forgot to mention, if your share price is stuck in quicksand your existing shareholders are punished when it comes to cap raises, as a lower share price increases dilution because you have to issue more shares to raise the desired amount of capital.