Personally this update means donkey s@#$ and not a whole lot. It just "tunes" that investors love to hear...Noise!!!
NO real drilling results or data. Management is just injecting news that was meant to be sent out much earlier. The real news is when the driling results and statistical data are in.
That will give real substance and some weight...
It is still lagging behind ipo pricing of 20 cents which is overpriced in my opinion.
Likely price to fall back to the 10 cents or just under range once the noise fades away...
Well at least there is some comfort consolation that it is slowly moving and not a dead duck on getting some of the result in around 2nd half 2017. Hope it does not get push back further and management just get their monthly allowances dwindling their thumbs...
Wonder what is the current burn rate???
LI3 Price at posting:
13.0¢ Sentiment: None Disclosure: Held