Friday 17th January 2025:

Looks like the LYL share price has broken up out of the downward sloping channel that they were trading in for the past 6 months:

Perhaps the selling is over. $10 did seem to be a downside resistance level. They've bounced off $10 repeatedly over the past couple of months:

I'm not a technical analyst, however I do believe there were buyers that were prepared to step in and accumulate more LYL every time they dropped to $10 - or just under $10 - which is totally understandable considering they are clearly worth more than $10/share.

On the basis that I believe they've broken up out of that downtrend channel, I made a further top-up purchase of Lycopodium (LYL) shares earlier this week to now take my position up to $200K (invested) of LYL. LYL is my largest position in my largest real money portfolio and also remains my largest position here where I can not add to them because they're just over the 20% limit - i.e. you can't buy shares here in a company where the purchase would take you over 20% of your total portfolio balance at the time of placing the order.

Here are their last three market/price sensitive announcements, in reverse chronological order, so from latest to earliest:

Kone-Gold-Project-19Dec2024.PDF

Clarification-Regarding-Dividend-Guidance-12Nov2024.PDF

FY2024 AGM Presentation-12Nov2024.PDF

I do note that LYL usually have a rising share price leading into their results, and this time seems no different, except that we know they have guided for a reduced dividend to be announced next month (Feb 2025) for the six month period that ended on Dec 31st (see second announcement link above), of between zero and 15 cps (PCP was 37 cps), so it appears that the punters who were in LYL mostly for the generous income stream (of prior years) have now been shaken out and we have the investors accumulating again - the ones who know just how good this company really is, and that below $11 is certainly not expensive - I regard them as cheap here obviously - given how bullish I am on the company and that they are my largest investment.

According to Commsec today:

So I'm clearly talking up my own book, seeing as I hold more LYL shares than any other company, but other community members have also shown some interest here, so I'm just flagging that perhaps the selling is over for now.

Let's see how the market reacts to their H1 report in Feb.