Re: Going to $30.
in response to
by
posted on
Feb 14, 2023 07:12PM
Ford is on a tear, building battery plants in Tennessee, Kentucky and now in Michigan (with Chinese partners?!). World manufactories and local ones will need a lot of lithium as we all know.
So one would think that investing in US approved lithium mine would be a smart investment. Right?
Then who is in the right mind selling LAC?! Why our share price is still lingering around $24?!
Unbelievable. By now we all thought SP would reach $30. Maybe they are waiting for LAC management to announce that the "rock issue" has been solved. It is such a minor issue that everyone knows it will be resolved in a few months.
What holding investors? Is it market conditions? World situation (Ukraine, China?), UFO invasion, LOL? Guess we just need to be patient (again).
Those of us who invested in Arena Minerals are kind of stuck in limbo after LAC bought Arena out. SP is moving approximately according to conversion to LAC shares.
Personally, I decided to sell my Arena shares and convert them in LAC now rather then wait for that conversion a year from now. I might lose a few shares but it is worth it. Having LAC shares now allows me at least to do something with them: hold, trade, option. After all, my profit from investing in Arena turns out to be smaller than I thought, about 30%. Most of us thought that we will at least double our money, but I have to give Jon Evans credit, he bought Arena on a cheap.
Oh well, praying for Peace in the world and wind to blow away that chemical explosion in Eastern Ohio.
All Ahead.