RE:RE:That golden cross is getting closer.....I look at barchat all the time , but really , technicals are only good for trading stocks which are very volatile and with lots of volume , in my opinion.
Technicals can't take into account new deals or pending news.
Still , I seriously think this is LACs last hope , so far they haven't been able to secure financing or attract partners big enough to cover production mill costs , they've already doubled the float once just to pay off their debt and remain afloat , if they try to double down again , this stock will be .10¢ next time around and nobody will touch it.
I think LAC and POSCO both know it too , and because of that , a deal will be made , probably very profitable for POSCO , but sure to be good for holders of LAC as well , after 5 years of downhill movement , even $1 would be welcome by most.
But if you take into account the money already spent on this resource to date , plus the value of the resource itself , proven and probable , it has to be worth more than $1.per share.
Either way , I doubt if much will happen until we get more news on the mill and it's eventual production numbers.
As usual , the price will shoot up a few days before any positive news releases , when the insiders know whats happening first , and start buying more.
Now if mewbuddy will just quit dumping his millions of shares 200,000 at a time , that might help as well (LOL).
It must be true tho , he gave his post 5 stars ! LOL !