RE:Our Partner at Lemare AGMYou are quite right that is a big number but look at it that way.
It certainly is not uncommon to see consolidation in the order of 10:1 roll backs.
Cosider 3 Bill would only be 300 000 000 and raise the stock prize to a modest $0.60 AUD
given all the projects they have going on I have taken a position and thinking of adding more.
In a busy Q3, Lepidico (LPD) has announced two sets of drilling results from Alvarres in Portugal, one set from Lemare in Quebec and the conclusion of a farm-in deal in Western Australia. Edison estimates that the Alvarres drilling results are indicative of a resource in the order of 0.7-2.3Mt of mineralised material at a grade of 1.10-1.13% Li2O, with an in-situ value (upon achieving JORC-compliance) of US$0.5-1.6m. Note that formal mineral resource estimates are expected from both Alvarres and Separation Rapids in September or October 2017.
CER Pull Back:
As I look at my 2 year chart I see the following.
If I'm correct we topped out at $1:85 in wave 3 then it is only a normal pull back and should stop at around $1:40 Isch. ( 38.2 % Fibonacci retrace- meant.)
Also looking at the 3 month chart it shows similar Fibonacci retrace-meant
61.8%. Interesting.
no worries stay the course.
Cheers BAE