LCK 6.06% 17.5¢ leigh creek energy limited

LCK Price, page-17

  1. 3,006 Posts.
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    Declining share price on VERY low volumes.

    There will always be a proportion of people who have short term trading objectives.
    Those people are bailing because...
    1. They are anticipating a retrace (or, are engineering one) and will buy back in lower
    2. They've lost faith, thought this would rocket to new highs and it hasn't
    3. They need the money - they put money they couldn't really afford into LCK expecting to make a quick buck, they are getting out before further losing any gains they've made
    4. They are spooked by the US market correction
    5. They assume the next batch of news from LCK is weeks away and the share price will just drift for a while before the build-up to the next anticipated announcement.
    The fundamentals have only got stronger now that LCK has flared gas, and that's why the whole share register isn't baling - >99% of shares are being held - this share price is only reflecting a tiny proportion of holders.

    So what will happen from here?

    We have to wait until this correction has run it's course + the US correction stabilises or reverses.

    I expect that LCK's latest achievements are being analyzed by institutional investors (funds etc. and large sophisticated investors). They'll wait for the share price to settle down and then start buying in. This buying in will start slowly and build firmly leading-up to people's guess for when the gas analysis and re-classification of the resource is announced.

    We just have to ignore LCK share price for a little while.

    Don't panic, nothing is "wrong" this is all trading stuff - nothing more.

    IMO
    DYOR
 
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Currently unlisted public company.

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