Poor old LAC..............................I guess it has performed SO poorly over the last years , and management has been SO completely incompetent , that news will no longer do much for this stock.
I was really hoping for a little more of an uptick with some news.
But looking at LACs history , good news has never done much for this stock anyway.
I guess investors are waiting for a sure thing , most other lithium companies would have doubled in price with the same news , and there would have been some major volume as well.
I'm sure news of a commercial production agreement will push it higher , but I'm starting to wonder if it is even capable of hitting $1 anymore.
Hopefully POSCO will make a buyout offer , that way we don't have to hope investors will eventually get interested in LAC and drive share price , we will at least get a set price in a buyout.
I don't think a joint venture would do too much good at this point , as investors are not keen on waiting until a commercial scale 10,000 ton plant is built and in production , that would be a year or two before any real profit , especially with LAC.
Any way , it's all moot until the next six months or so of quiet time has passed , dig in for the winter and hope for something good by March or April.