I love your analysis 13th, and according to the charts, LPI should go down. But I don't think it will - let's make the assumption that Lithium's demand will increase, as is predicted - and let's assume Chile has a pro-investor Government come the end of November elections, which they should.
1. At some point, the SP needs to adjust to the asset we have in Chile and at low 0.30c, that is not an accurate adjustment - and we can all be honest, anything below .50c is undervalued for LPI.
2. Future developments are not taken into consideration when it comes to charts. I believe a take-off agreement will happen before the end of this year, and when that happens, we will come close to the $1 mark. Our current management knows they need to move fast and intelligently and I think Martin Holland is doing just that.
3. Microcap stocks are nearly impossible to predict with charts
- Forums
- ASX - By Stock
- TA Perspective
I love your analysis 13th, and according to the charts, LPI...
-
-
- There are more pages in this discussion • 388 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)