Thoughts on LRS and PV1 please

Hi Maureen,

Two speculative names here that we’re not too familiar with hence we’ve used some technical analysis with regards to risk/reward:

1. Latin Resources (LRS) 11.5c – this $253mn lithium company focuses on a its flagship resource in Brazil. Like many junior lithium plays its extremely volatile having traded between 4c and 23c in less than 1-year, great if you bought low but a disaster if not with the stock having halved since April. The stocks not investable for MM but if we were aggressive traders we would be looking for dips under 10c to accumulate.
2. Provaris Energy (PV1) 6.85c – this $38mn hydrogen focused business has seen its shares tumble 50% over the last 6 months. Again the stocks not investable for MM but if we were aggressive traders we would be buyers under 7c while running stops at 5.5c but this is trading language i.e. not investing.

As you can see, this very speculative end is not really our forte.

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Latin Resources (LRS)

LAST UPDATED 03/02/2023 15:07

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Latin Resources (LRS)

LAST UPDATED 03/02/2023 15:07