RE:RE:OOps!Depends on how you interpret volume , Friday was 40% or higher than the average volume , and price went to 35¢ , not 31¢.
That would indicate there are more willing buyers than sellers at that price , always a good sign in my opinion.
And if it went to $1.00 , that would be great , no matter what the volume , not that it will ever get that high , as swing traders will keep taking profits long before we ever see that.
I don't think too many investors are keen to get into LAC and wait 2 1/2 years for a producing commercial mill , that may or may not become a reality.
I see 40¢ again , then a slide back to low 20s , as usual , I think this is one bubble that has burst , nobody seems to want to touch it anymaore , and I don't blame them.
Either way , we're looking at a few months of R&D on the new pilot mill and it's results on this particular brine , then a 90 day negotiating period to see if they can reach an exclusivity agreement (if all goes well) , then another 2 years to produce the full 500 tons so they can calculate the results and see if it is worth going into full production.
This is a lot of waiting time , lot's of ups and downs , and if history repeats itself , mostly downs.