Wow, LPI has more than doubled from the intra-day trading low on 21 December 2021. LPI has only had 3 down days over the last 15 trading days. A great Christmas and New Year's present for all holders. Well deserved I might add.
For all the frustrated long-term holders, the rubber is hitting the road and none of us should be in the red. From what I can gather, nearly all of us have averaged down over the years into the teens and 20s. I am in the latter.
In terms of the outlook, there are many company-making announcements to come over the next six to eight months. How much those deliverables have been priced in to the current LPI price? Some, but not much I would say. The LPI market cap is still only AUS$267 million.
I just hope LPI management can get the pitch of the updated DFS right. It will be critical and hopefully will include stage 2 scenario analysis.
Also, Mitsui should not be far off making a decision on funding and offtake arrangements.
GLTAH.
LPI Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held
