My 2 cents; Commodity prices are unlikely to turn higher higher until the USD heads lower. On Thursday last week the dollar index (DXY) hit 97.00 and sold off. This could have been profit taking or potentially a double top. Keep an eye on this over the next month or so. It certainly had been frustrating holding LPI the past 12 months, full disclosure my break-even was around the 50 cents mark, took a hair-cut at 26 cents with the plan to buy back in ideally before the DFS is released. The case for the company looks great on paper and that's what attracted me to it in the first place however what surprised was the fact that there's been no inflow of funds for 12 months now. Potential for this to get caught up in choppy wall street market moves until the midterms are out of the way. Hope to pick my shares back up if it remains at these prices.
LPI Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
