My take The fundamentals are strong with high profit margins and a negative net debt. An enviable position for mining companies, big and small. And don’t forget that the Mean recommendation from all 5 analysts covering the company is a BUY.
Although I don’t expect LGO to be at C$25 any time soon I don’t see the stock to be below C$16 at all. I expect the share prices to fluctuate around C$17 -19 for a while. The current short position is 300K shares or ~3 x the daily average volume. So I believe short sellers are playing games. We need to attract more buyers to take the sp out of the bargain basement. A good / positive event / NR would help.
With V2O5 staying above US$9/lb we will meet Q3 expectations. And that should have a positive impact on the sp as long as Management won’t screw up the Earnings CC as usual.