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10/01/19
16:41
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Originally posted by LT_Investor
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There were no reasons for the sell off that caused sp to drop to 20.5c all time low.
IPO at 20c and they spent more than $30M to date on the Maricunga project.
$20m still left in the bank.
I just believe investors are running out of patient due to lack of activities and updates.
All focus is on the Maricunga project now.
Some Canaccord investors probably getting frustrated with Management.
DFS is very likely to be released by end of this month so worth to wait for.
The Chillean government approved SQM for their expansion with the condition to monitor water restriction.
Codeldo has received the mandated to start extracting Lithium late last year. More news likely to be released from Codelco soon.
This is a long term investment for me.
Volume is so low so that sp can drop or increase substantially daily.
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I can't recollect a stock with such an extremely low volume,except for stocks with very low number of shares on issue. Maybe the majority of the shares are tightly held.