Re: Battery Plant included in the Draft EIS for Thacker Pass
in response to
by
posted on
Aug 05, 2020 07:27PM
Pavel: "TOB. Too much of exitement there"
With the Share Price north of $7 there is every reason to be excited and natuarlly the most excited will be the presumptive pumpers in this situation. They assume their exhuberant prognostications have been vindicated and that anyone who has had a more cautious approach has simply been a "liar" and a "moron".
My concern is that the present rise in Share Price is still based on assumptions of what will happen in the future and on words in the reported vision of the company. There isn't anything more solid to support that speculation at this particular juncture in time. Hopefully, for all LAC investors developing information will underpin what remains at the present as a somewhat shaky platform on which to stand. Should we see more substantial developments in LAC's journey in the near future then we will undoubtedly be witness to a further billowing of LAC's sails as the Good Ship LAC heads forward toward the calmer waters of proven economic prosperity. If that journey brings along good fortune to the pumpers as well as the long term faithful then so be it! On the other hand, if it is determined that the present euphoria is without justification then the fall from grace will be substantial and take along all who ride on the Good Ship LAC.
Statements from the CEO cast in a positivity of future success are welcome professions of future success, but if they don't pan out as stated then fortune can turn on a dime. Bottom line is we still have to see "Where's the Beef" in regard to statements involving future plans for a battery building facility at Thacker Pass. Claims of future victory by the General of the Army may inspire the troops prior to battle, but ultimately it is the battle itself that decides the fate of the Army, and not the pre-battle exclamations of anyone.
Milestones achieved, as opposed to milestones promulgated in print or by speech, will determine the true fate of LAC... just as they do any other company. LIke all LAC investors, I am eagerly anticipating seeing proof of the actual achievement of those milestones.
Onward through the FOG... with much higher spirits now.. but we are still in the FOG.