Dont beat yourself up too much as all investors make mistakes!! I have lost count of the mistakes I have made but you keep learning and it is very very important NOT to ever repeat a previous mistake.
I dont believe that you will loose your investment!!
With such a good quality partner in Ganfeng and a very good, large , high grade resource LLL should do very well once the plant is up and running at name plate capacity. Hard to predict what the eventual Share Price will achieve but $1.50 seems to be probable assuming the selling price remains at historically high levels. Anywhere over US$1,000/t and we should be doing very well.
I have a personal target of $1.50 but would consider derisking if it hits higher than $1.75/share.
Great deposits normally win out in the end and we have every reason to believe our is a cracker!!
Three biggest risks IMHO
1. Mali Government behaviour
2. Freight to the port (1,000kms)
3. Building risk and ramp up delays
I have no plans to sell until well into production. From memory I have about 400,000 shares so it could be a nice wealth earner if the SP reaches > $1.50
Good luck to all investors
Cheers W2
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