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TSE:LGO
Downtrend seems to be broken and it is definitely basing. Technically it looks okay. As this is a penny stock, they are not traded by large institutions, etc. so they can be pushed around a little bit because there are fewer players. Technical analysis on penny stocks is a little less accurate, so be careful.
This is part of a large group of companies and he is not tempted by them. There was a point in time when that sort of story would play but this has very large capital needs in a market that isn’t particularly generous with regards to large capital sources. Wouldn’t buy this until he had seen them meet their funding challenge.
She hasn’t actually seen the company for a while. Vanadium prices have come down with other commodities. Believes they have commenced their operations and this should be a low-cost producer. At these levels, she feels the stock could be a buy however, she would suggest you wait a while and compare with other stocks to see if there is a better bargain elsewhere.