Stop losses were all cleaned up / UPTREND to resumeShareholders all make the big mistake of putting stop losses and when you have alot ot people in the money, any sort of selling pressure will trigger an avalanche.
The sellers will often find that they got sold at a much lower price than wanted due to stop loss.
The best way to avoid these rookie mistakes is to never put any stop losses and, avalanche situations will be more rarer.
Secondly, the news of yesterday de-risked the Nevada project by another 250 meters in width, which was excellent news and high grade lithium.
Stock should have gone up to $ 1.65 per share and not plunge to $ 1.06 as of today. It goes to show how out of touch some shareholders are with valuations.
Haywood compared NILI to LAC with a $ 4.9 billion NPV valuation.
And here we have shareholders throwing away their shares with company is barely valued at $ 150 million or, at 3% of its true worth.
You can expect to remain poor with such a mentality.
Target price: $ 25 to $ 30 per share
Good Luck,