Today we passed 31c resistance and now heading to 33.5c, subsequence 36c and 39.5c.
The valuation of this company has been so low for more than 6 months.
With $30m in cash and the environment isssues in the Atacama region put LPI in the best position.
Major players will defnitely shift their focus to LPI soon.
What if SQM completed their transaction with Tianqi then shift their focuses on the Maricunga region?
Do they know what is coming their way hence they are selling the stakes quickly as possible?
The perfect storm in Chile denitely gives LPI in the best position.
DYOR as this is purely my opinion.
I still cant believe many other juinor lithium players that have much less $$$ and resources but yet value much more than LPI.
I am trying to join the dots of why sp get so depressed in the last 6 months.
I hope this will pay off in the next 3-6 months for all long term holders.
LPI Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held