My sentiment too, dave1479. Most all Lithium stocks are down. I mean, PLS are freakin producing already and they are down significantly.
I understand a lot of people have dropped a lot of coin on this stock in hope for brighter skies of multibag profits. Reality is, it takes time and patience and you simply won't get a multi-bag out of this company overnight. It is not that type of stock.
I too am in the red but I remember the days of HotCopper when you could have a sentiment of Long Term Buy and this project is exactly that. We know the resources is huge, we know the cost to actually mine is cheaper then other world areas, we know that it can all be done but it can't happen overnight. Yes, Management have done some STUPID stuff, stuff that clearly shows they have never been a trader like many of us or they would understand shareholder/trader strategies/thinking on value and how share prices can be effected in either direction and what announcements are needed in order to install confidence in investors/traders.
However, they have done a good job getting to this point in the companies life and so I give this team till the middle of the year to sort their S#$t out. I am optimistic by then we will see a recovery in the share price and a clearer direction as to how they plan to actually mine the huge resource. Time will tell and so I hold till at least June/July.
Good luck people.
As always DYOR and all in my opinion.
Add to My Watchlist
What is My Watchlist?