Re: Any clue, why LAC is going south?
in response to
by
posted on
Mar 25, 2021 09:00AM
It might be hard to blame the recent downward trend on something we don't know, unless you're suggesting that there is significant insider information being used to inform a number of big investors. We've been through this before, albeit at lower prices. More likely that the share price just got way ahead of itself when it was 36 CAD, and what we're seeing now is a more realistic valuation given their timeline, discounted by the recent deep selloff in everything green and everything growth. I agree there is a dirth of comforting communication coming from the company, especialy when compared to the likes of NLC.VC, who communicate regularly, but when they eventually do have meaningful news the price should come roaring back. Meanwhile, as was the case when it was bouncing around 4 CAD last year, I'm taking the opportunity to cost average down some more