Sorry this is an example portfolio it is not a real position as they cannot hold a short in this stock. I have read the original note and many of the assumptions are wrong but each to their own.
The price is ridiculously cheap at these levels not and not far from the original IPO. The opportunity to trade is available to all. My message yesterday on progress was clear.
I spoke to Aldo last week when he was in China. The pilot plant will be in production by the end of the year. PFS underway and to be finished Q1 2024. Working capital for next year is not a problem. Take out discussions to begin in Q2 2024. He agreed with my thoughts that the market is wrong...
It is badly written article as it is badly informed with no underlying facts. The sell off occurred due to a badly communicated message from the government. As each project milestone is delivered the value of the company will increase most recently the resources upgrade and the news surrounding the test plant etc. The last line from Donuts is completely accurate.
Share price will continue to improve as milestones are reached. Personally looking forward to increased share price followed by ASX listing followed by more serious investors getting involved.....
The RNS 21st June clearly states ASX listing as Q3 2023. Additionally i have spoken to Gordon who confirmed he was completing the vast paperwork on the ASX listing and it would happen in September after other news had been announced.
Watch this space is the message i received from senior management earlier today. The news flow once released will be extremely positive for this company.
A 30% move from a low base doesn't interest me but i understand those that trade rather than invest for the longer term. As mentioned below the price will move significantly higher and it would be easy to get caught wrong footed and not be able to get back due to liquidity or a significant upward price move.
There has been sector strength across most of the lithium names. Given the share prices movements in the last six weeks this has a long way to move upwards.
Hopefully the retail who bought at 90p and then sold at 50p whilst looking to make a fast buck have left the building leaving the serious investors to be patient and make the real gains.
My view on the new options is the price should have been set to a higher level. When the last options were set they were also set at 57p but the share price was in the mid 30s range.