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Re: Billjet17 post# 5636

Saturday, 03/10/2018 1:27:10 PM

Saturday, March 10, 2018 1:27:10 PM

Post# of 10478
Bill, with respect to both you and VK, I concur regarding charts. While I think they can be one of many useful tools for larger companies, which are generating substantial income over a sufficient time period, that is simply not what LAC is -- YET. Like you, I did my DD, got in early, and have been playing with "house money" for long time. My continued DD tells me that, IMHO LAC is progressing nicely and will continue to richly reward those who stay the course, particularly as the EV market gains traction over the next 3-4 years (please see my next posting for more on this). The additional, and significant, LI demand generated by ever increasing market demand in power storage, consumer electronics, lawn tools, power tools, etc., etc., the list is endless -- the other day I read an amazing article about a massive container ship, which is currently sailing the trade routes and is fully powered by LI batteries -- is all gravy.
With a nascent company like LAC, the only charts that are relevant at this juncture would be those showing the company's progress from its Western Lithium days, which are positive indeed. Short term charts of the type that have been posted for some time here, reflect nothing meaningful for the simple reason that this is not a short term play -- it never was. LAC is a long term investment, not a quick trade - big difference.
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