OTCQX:AVLIF - Post by User
Comment by
100KInvestorEHon Apr 17, 2018 11:24am
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Post# 27897510
RE:RE:Bollinger Bands narrowing
RE:RE:Bollinger Bands narrowingLow trading volumes make it harder to really make good calls in the short-term or with trends.
Trying to predict the future fundamentals may be a better option.
In my opinion, these four things would drive the SP:
1) Updated resource;
2) PEA;
3) Revised Morgan Stanley Report restating their lithium position (aka need more lithium); and
4) Clarification on the future strategic direction by AAL Management
Orocobre stock has dropped recently because lithium producution was delayed due to bad weather (and maybe poor management). I am not sure what influence this will have on AAL SP or direction. It does support Joe Lowry's position that mining lithium is harder than MS thinks.
However, AAL management knows it has a much larger resource than ORL estimated years ago. If this stock traded on a different exchange it would be over $2 because you would have greater Institution investment and support. Volume matters most on this exchange.
Again, patience is fundamental with this stock.
GLTA.