Advantage Lithium Corp. (fka AVLIF)

[tikotiko]

I think that the recent sharp increase in the SP already factored the resource upgrade. I clearly missed the run due to both lack of funds at the time and my slow reaction (Yes, I did not buy the rumor and sold the news...). There was probably some profit taking afterwards, but not enough to entice me to buy more shares. I will definitely buy more if it drops again to the low $0.7s or $0.6s. However, I am not sure it will get there and it is possible that the current high $0.7s is all that we may get for a dip.

The only other thing that could have been a factor is that Advantage is probably affected by its larger partner Orocobre, whose stock began to fall about 10 days ago. This may have had some effect on Advantage’s stock since the most recent period when both stocks dropped coincides. I also noticed that the percent of shorters has been increasing lately in Orocobre, which could be part of the reason for its decrease in SP (see link below). I am not too concerned because my position in LAC is still relatively small and I plan to accumulate slowly as I see good dips. I think this stock will do well long term, but there may be some good trading opportunities for you along the journey. Please let me know if you see anything in your chart radar, while also keep in mind upcoming announcements (e.g., economic estimate, a new updated resource estimate, etc.).

As for the wells, several of them are over 400 m deep and the new drilling campaign is focusing on exploring the deeper sediments. I also wished the drilling would move a bit faster, but it is what it is.

https://www.shortman.com.au/stock?q=ORE