OTCPK:DSLEF - Post by User
Post by
Dtraders1on Aug 26, 2018 10:48am
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Post# 28518628
Still buying!
Still buying!Last Friday I was still buying some shares of DLI. The last transaction on Friday, that was me :-)
Why? Because the Lithium Market is pretty much negative and many are just giving up shares for nothing. DLI is following his plant and the only thing they don't have control is the Market wich is putting negative pressure on most of Lithium play. With another giant factory from Tesla to be built in China, the forecast should look better in 2-3 years from now.
One thing I finally noticed is most of the debt and company purchase transactions since almost a year were done at 1.82$ per share so after the mandatory hold for each transaction theses shares can be sold to recover they dues. So imagine this, Lithium Market is negative, investors who were paid in shares want to recover their money and investor who are seeing their shareprice going down are cutting their loses...it all adds up! So there's nothing wrong with the company, it's only the conjucture of the Lithium Market with all the selling causing this big selling pressure until all is balanced. Look at many other company in Lithium, they got destroyed pretty much this year and DLI was one of them.
Phase 1 and 2 drilling data were good and phase 3 drilling for the extension were less good but still not finished but overall they should get close to their estimate before they did phase 3 drilling (I see phase 3 like an extra strench to get more mineral content). Anyone wants to comment?
Last thing, when they estimate shipping delivery I add 1 month delay each time so I don't get disapointed when there are running late :-)
Cheers