its in free fall because everyone in LPI has made a monster of a profit watching the market reprice use from 50m to 200m.
Those short-sighted investors bought waiting for the DFS, the DFS is now issued highlighting 1.4b value for stage 1 and some investors here think thats good enough for them to sell out at 200m
Other investors start questionable threads to try change the momentum into their favour.
The rest of the investors now 1.4b stage 1 + yet to be announced stage 2 (its going to be equally big) + Massive margins with LCE price assmptions half of what they are today + a structural deficit in lithium supply until 2025 if not longer all for a 200 m company!
So why is it in freefall? I'd say to allow us longer term investors an opportunity to buy up in anticiaption of making well over 10x
DYOR and watch it turn towards the end of today or after tommorrows webinar
LPI Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
