I've been holding since Lynas Find exploration was about to begin... from 12c up to 28c and smacked down to 5c. I've averaged down lately, never thought the SP would sink this low.. there's one thing that's kept me holding on... DKO's management have leapt on opportunities and delivered on timelines and targets. Whilst Lynas started off looking like another large resource in the Pilbara, it proved to shallow out and they ended up selling it for a bit more than what they paid and spent.
They've now used the money pretty frugally to get a resource defined in Portugal, produce both concentrated petalite and the end product - Lithium Carbonate. I'm in it for the long haul as I feel the Mgmt are hitting the targets and aiming to become a sustainable lithium supplier which I feel with decent offtake agreements that they can become. I think they should be price at 10c with all this news of the JORC resource, ability to produce concentrate and now battery grade. It's just being capped and at some stage the selling will dry up and the price will rise. I'm hoping the scoping study provides that surge in volume and price.
DKO Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held