RE:LAC went all the way down to offer pricejunior_miner wrote: I expect this to do the same. Target around CAD 2.8.
You might be right or might be wrong in share price prediction, but reason will be different from the stated one.
LAC and NLC are surely similar because they are in the same industry and depend on Li price and demand expectations.
However, they are in different stage of extraction development and that is a very big deal.
NLC will accelerate production because of the new $, LAC is already 100% financed to production.
In any business time is money, in Li it will be extra beneficial to hit production at time of forcasted supply problem. That is why we cannot put "=" between these deals.
Many things can change. For example, if LAC announce that they will change plan and won't have delays between stage 1 and 2, but will build larger "mine" and plant in much faster pace, using new funds.
In today's market their s/p should go up again, right after the announcement.