Whilst we all agree that the Maricunga is the main game for the company, issues that have surfaced for the business this year have no doubt stalled momentum for the company / investor interest over the past 6 months, hence it is important to show the market that you are continuing to progress your other assets in the portfolio. I personally think that the company's progress of it's WA assets has been poor. Still talking about rock chip samples? give me a break.
Whilst the company has raised a considerable amount of funds since listing (which has inflated the market cap by way of additional shares), the share price at previous support of $0.24 at this point in time is a little concerning to say the least.
Never a good look to see the share price test the 200 day MA and then roll over to make new lows...
LPI Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held