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Initially all it will take is one hole result to be something...

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Pinkie38

253 Posts.

166

07/05/18

14:27

Post #: 32931025
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Originally posted by gcdany ↑

Expect Something else ?
This is what you can expect and what the market is thinking about.
In the absence of anything exciting to date with the drilling and with my understanding is that us GSM who is doing all the explo work. The market is forward looking, knowing that its very uncertain times regarding OHD, SOP on the last burner somewhere..... And the Li Exploration is far far from hitting anything exciting, thus reflecting in the SP drop.
Even if we find something, it will be a spike and smack down.... When is the next stage of the exploration after that ? Because that's where the market is looking at now.
And yes, the funds will need another round in few month time. I d say 6-8month from now.

I m with Cfp with price prediction. Hope it doesn't happen but not out of possibility.

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Initially all it will take is one hole result to be something nice and we may see a brand new story. E.g shallow intercept with 30-40 mt pegmatite will do wonders to share price. All will be forgotton.

GPP Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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