Post by
neosceptic on Nov 01, 2022 9:48am
LPI 22%! down in 3 days, 16% since LPI vote
Out of 22%, 10% today.
That is why I do not speculate. Never know short term market movers motivation.
The news is obviously good, company finally can get moving, 3x less internal bureacracy and 2X less external ones.
It become an attractive aquisition target after the merge: project = company vs. project = who-knows-what JV
LPI is getting 9% control premium (from 51% to 60% share fo the company)
Market is roaring pushing most companies up.
LPI s/h reaction -22% down!
I assume the reason is that everyone expected positive outcome and many bought LPI after June's announcement to hold it, until the catalyst, expecting flood of buyers, that never come. So dissapointed speculators are selling to move on.
Happened to me when I tried to capitalize on the single event once.
Of course, there are other explanations, but I doubt that serious investors hated the move so much. Otherwise why all 3 companies had 97-99% YES vote.
Maybe these 2% who voted NO in LPI are exiting?
Comment by
neosceptic on Nov 01, 2022 3:07pm
Yes, this is annoying. One problem practically solved, another popped up. Chili has proven to be a difficult place for mining and exploration. The gov't promised decision by year end. Will be long 2 month
Comment by
tiger2201 on Nov 01, 2022 3:28pm
Yes, it may take some time to settle the disput, and may take longer to see the bright future, very disappointed for the new event, & Argetina is a better place for lithium than Chile. There are many posts of the issues on the hottercoper.com. tiger
Comment by
moorage on Nov 03, 2022 4:30pm
When is the election in Argentina ?