RE:RE:LAC went all the way down to offer priceHi Neo,
I agree with you.
Li is so hot and so much demand, there wouldn't too much sell pressure. Like LAC, ML, CRE, ETMC all increased their subscptions, LAC increased from 350 to 400 Millions, ML increased from 25 to 30 Milions, CRE increased from 10 to 15 millions, and ETMC increased as well.
Like ML, the new equity offering is 4.00, right now it is 4.30, that's 7.5% higher, NLC was priced at 3.05, using the same ratio, the SP should be 3.28, right now it sitting around 3.18, that's 4.3% higher.
ETMC new offer price was 1.185, now it is at around 1.65.
ALL Li stocks are in consolidation now, and it's a good entry point.
tiger
neosceptic wrote: junior_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.