RE:RE:RE:RE:RE:RE:RE:RE:RE:Buffett's BYD to Manufacturer EV's in OntarioI am not a technical trader by any means and would not attempt to argue it and do not doubt it could pull back a bit, based on existing news it seems to have got a head of itself so could pull back for a few reasons - technical, ahead on fundamentals, or manipulation to keep it a bit lower to accumlate.
On the other side - a few others LI co's followed similar patterns in anticipation of major catalyst and it kept appreciating and then went sideways after announcments (no major negative surprises in the few I've watched - NLC, LIT, CRE). With the PEA coming, it being open in all directions, hopefully direction company is taking on offtake agreements, and size of next round of financing. It was positive that last round was small. Demonstrates confidence that future news should lead to strength.
Key Risk: Timing to execute offtakes, timeline to build out resource (needs to get bigger), and the immediate ability to demonstrate a decent NPV in the PEA compared to the (current market cap + required capex). Analyst coverage could help - but needs the fundamentals behind it first.
The strong benefits continue to be jursidiction (except for infrastructre), open in all direction, alignment management interest, and the grade.
Until the company puts some meat on the bone - it is still fairly speculative.
GLTA