Develop Global – DVP
Any particular reason(s) why the share price is on free fall? Is the stock price measured up to the risk reward criteria or do not catch a falling knife? Thank you for your thoughts and continue to keep up the good work. Michael
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Answer
Hi Michael,
Like much of the lithium space, Develop (DVP) has been under pressure in 2024. Their exposure to lithium both through resource and mining services has pushed the stock down to ~18 month lows. We do expect some relief in the space and DVP is a leveraged way to gain exposure with some safety net via their Copper assets. We are looking for support 5-10% lower.
