Shorts are through the roof too. Still keeping powder dry for now, but even without the macroeconomic environment, this is something i've seen play out as a new mine (which I understand this isn't strictly) comes into production.
With production, perhaps expect hiccups, delays, cost blow-outs, but if you can block out the noise and see that the market (in the form of Utilities) have great confidence that Lotus will fulfill it's potential, then all you need is some dry powder, some nerve, and some patience to profit personally from this drop. I've just started to average down today, but only very tentatively, because the downtrend could continue for a while, or we could be snapped out of it - and it's obviously hard to get things like this exactly right. I'll settle for being broadly right in time.
LOT Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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