Re: Going to $30.
in response to
by
posted on
Feb 15, 2023 08:42PM
Jimmy, thanks for sharing your thoughts. Yes, as you mentioned, from $3 to $20 in two years. Well, maybe we all (all investors) were caught in a “lithium frenzy”. And now things are settling down and people beginning to see true hurdles to overcome building lithium mines, batteries, etc.
Add the recession we are in, and it is actually understandable why SP reacts the way it does. (You are right Jimmy). We used to double our money in a year and now I was complaining about making 30% in Arena.
Maybe we all (myself included)l should take a deep breath and tell ourselves: let’s make 30% with LAC this year, meaning Lac SP gets into the $28-$30 range in 6 to 10 months from now. And that should be enough (?).
I think we should be fortunate that even though it does take longer than we thought – LAC is going to make it. Unlike countless juniors who will not.
The good news also that Argentina will start producing and the split will benefit all shareholders.
We will make money, but it will be steady and maybe it is good, because LAC is not speculative stock anymore.
LAC will become a producer just like Albemarle.
All ahead.