I used the word junk as s manner of speaking to state what I think is way too low SP.
so yes it's not quite junk.....hopefully it will never come to that level.
We are where we are simply because the ever delay in receiving ratification for our huge potential mine and the uncertainty about even getting that signed off, hopefully now with lithium price on a strong upwards momentum there is a real chance this prolong issue will finally resolve for the benefit of all parties involved.
It was always a big worry during the long period of suspension if the shares will be ever trading again, now that's behind us and after the initial sell of last Monday when trading resumed we finally start to feel the renewed optimising....Just looking at the chunky buys today.....I bought a tranche last Monday at just above 1p in order to bring my avarege to more realistic level of just below 5p ,will hold now with hopes to get to that level soon enough, you never know i even see some profit again....
I did fairly well here in the hights few years ago.
Last time Lithium price was at the current level the SP here was at mid, to late teens,YET, we are not even near to double digits currently....basically rating as near enough to junk, hopefully not for much longer.
More likely feeling sorry for those leasoned to your savvy ( clearly not.....) and sold only few weeks ago for under 7p.....missing on 100% rise is surely painful 😒.....
Recovering slowly but surely now with the first week back from long suspension, initial sell off which was expected is now over,and positive momentum is pretty much on.
Hopefully the company will provide some positive sales soon enough, this will definitely push the price to well above the pre suspension price (well above 2.16p)
Covid is slowly criping back around the world, and it could be even worse as we moving towards Autum and winter, obviously it's not good news but this company could benefit from this situation.