I think it goes without saying that re rates at this end of the market happen not gradually, but suddenly. It could trade down and trend lower slowly for months on end and then out of the blue it goes up 100% in two or three trading sessions, at times off the back of no news. This seems to be the norm of activity in the small cap space until the mood of the market changes. So from what I can gather behind the veil, investors are in no hurry, and then when a tidal wave of volume hits a name, its a rush to the door type of behaviour. I think soon this moment will be upon us, however no-one knows when. There are 3 catalysts that Im identifying;
* new partnerships * lithium bear ends * funding from government or other partners
I don't feel the opening of the new facility will really move the share price, however I think pretty soon after they will start to announce a string of positive announcements as to the current partners projects, and new partnerships. Look away and check back in 6 months.
LIS Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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