LPD 0.00% 0.2¢ lepidico ltd

Postings are getting toxic time change, page-14

  1. 4,944 Posts.
    lightbulb Created with Sketch. 1686


    Oh I think you should let them have it @Jasox


    R08 was kind enough to point out to me that "potential" offtake partners have visited the site where the pilot plant is. Apparently from what I read on these threads daily everything is just about in place & we are waiting on a "potential" offtake partner for the SP to take off.


    So if the broader market knows that "potential" customers might be interested in purchasing LPD battery grade chemicals & we all know markets are forward looking. Why hasn't the SP moved in anticipation of a "potential" deal? Surely the market isn't waiting for the ann to tell them a deal has been struck? The LPD market cap should be slowly rising in line with anticipation from the market but instead the opposite is happening. There's a lot of downward pressure on the SP at the moment, which both you & I have pointed out on the LPD Chart thread.


    To me that says investors don't seem very confident & have taken a back seat to wait for a green light to invest/trade. It's very unusual as market sentiment mostly follows a "buy the rumour, sell the fact" rationale to trading/investing but instead investor sentiment in LPD IMO is more like "buy the fact & sell on nothing" & then a whole lot of sitting around until the next ann comes out.


    IMO this could be viewed as a red flag.


    Have the day traders over committed & bitten off more than they can chew? Are holders in LPD unsure of their own investment & unwilling to top up at these ridicules low levels? Are "potential" investors waiting for something else to happen & that's why they aren't buying?


    Of course once a deal is in place & it pushes the SP higher which in turn starts LPD on a path to success, the next hurdle could be shorters. Short sellers have been basically attacking any company dealing in the Lithium sector that has a lot of "potential"


    Last edited by ProCapitalism: 15/07/19
 
watchlist Created with Sketch. Add LPD (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $17.17M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $1.388K 694.0K

Buyers (Bids)

No. Vol. Price($)
77 77284360 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 66924077 51
View Market Depth
Last trade - 11.10am 12/11/2024 (20 minute delay) ?
LPD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.