RE:RE:NLC's NR todayHi S-S,
I have my patient, and NLC's management should have as well. Li price is depressed right now, so it is may not be a good time to make a deal, unless it is a good deal. The best Li development and exploratory stocks are NLC and ML, since they have plenty of cash to go through this difficult time, and NO risk of diution under depressed stock price.
Drilling is a disappointed one since they only drilled 2 holes this season although they drilled deeper, and they should have anticipated the difficulty, and planned for it, and hope the essay resluts are good, above 1000g/l, and will be released within the next 4-wks.
Other events may be further away.
tiger
supersceptic wrote: tiger: Understandble.
These are news, not good news.
"Plant operational" - imagine not? First batch "expected", "battery grade...expected", not delivered (the risk of poor chemistry remains).
Drilling reached - better, but what is in, something? empty?
Losing 1c is a good news, because Li spot prices sinking like a rock 11.2% down in May alone, reaching 2y low.
The fact that NLC so resilient said enough. When good news will be arriving (no reason they won't, mostly matter of time), NLC should begin gaining more ground. When trend will reverse OR when NLC will became pre-production company (begining of engineering) NLC s/p will be surging, combination of both will sent it fly.
Of course, there is a risk of neither - that is why it is .79, not 2.50