Post by
Raff007 on Jul 28, 2022 4:36pm
Upward Trend - FL
Is this the start of an Upward Trend for FL? Or just people shorting the stock? In the previous text Cormack recommends FL at 4.00$ a share - calculation was made at 17500$ US a ton the spot price is more than 50000$ US a ton it is more than 3X discounted for the Lithium Spot.
Let's not forget that we have other ressources not to be discounted in the caluculation that are needed to product Lithium Batteries.
Also, inn regards of the drilling program we have still left more thant 8000 meters to be done by end of september of this year.
This will bring up our infered reserve from 40 MM tons to........you number is as good as mine.....so lets not forget by Septembre 2022 FL will have drilled more than 30 000 meters of holes......
What is next :
- Pre feasibility study
- Possible intake or intakes agreements
- Update of the road and the powerline
- Project Permits
- Updated timline - hopefully operation by 2025
- Project financing
Lots of fun ahead!
Comment by
Raff007 on Jul 28, 2022 6:33pm
Of course it is daunting - Are we world class or not ? There is at the moment 1.2MM shares that are shorted at the moment.......
Comment by
Margin321 on Jul 28, 2022 11:11pm
How does an short book make the shares bounce 70% since July 14? Unless you think there is a short squeeze and the shorts are panicky to exit their positions. But the volumes don't fit that very well, nor the trend in net short position. Oh well, we have started moving up, and I hope it continues. Lots to like. Possibilities are exciting.
Comment by
qwerty22 on Jul 29, 2022 12:16am
The drilling was good. It offered the analysts a chance to put out new reports. Those have good things to say and some buyers have returned to the stock. I agree the volumes aren't really there yet. Before this I guess the improving sentiment around lithium ore prices due to new sales at high prices has helped too.