Re: From Matt.
in response to
by
posted on
Jun 27, 2020 09:21AM
Despite the fact, that my first purchase in this company was 50k shares of Western Lithium, I am not really a long time holder. Few years ago, when LAC went to $10/share I have made a colossal stupid mistake (dont ask me how, I just did it) and instead of selling, I have initiated a buy order at around $8/shares :-). Since that I have become a "trader" to eliminate that error.
However to answer the question, should things go well, I am not planning to sell in 2025. Should Evans be right and would evolve LAC into a chemical company, then the fair price should be north of $30 (I believe somewhere I put my estimate of $60) and would eventually pay dividend. With the costs per share around $3, I may get my initial investment back via dividends. That of course assumes, that I am not going to meet some other trend worth of investing.
Anyway, lot of things can happen till 2025. Just my 2 cents...