Ann: Quarterly Activities Report, page-34

Entered LSA in the short term trading thread competition. Probably nothing will come of it but here's my reasoning below.

STTCOMP LSA TA LONG

I'm bored and have never tipped anything so lets give it a crack.

This is based on technical analysis which is strange for me considering I don't believe in it as a sole indicator to buy/sell, understand it or trade on it. I only buy based on FA.

Having said that I monitor LSA like a hawk because I love the register and Klaus Eckhof generally vends cracking projects, particularly into shells he has a good foothold in, and his mates also. I consider LSA his prime shell based on the register.

I've noticed some decent spikes in volume. I've seen this before in Klaus shells, even this shell. It's probably nothing and just sheer boredom playing with my mind.

He did say 7 months ago they would make a decision on acquisition in the next 6 months though so they're overdue. Would you drop a cracking project into this market though? I wouldn't. 

I would like to see copper but he did say rhodium in the * article 7 months ago though and it's price has continued it's upward trajectory. Rhodium has ties to EV market which would explain this.

Chart looks good.




Nice up tick in rhodium price if they're still going that way.