I don't really believe in penny stocks, but this morning I came across Larvotto Resources $LRV (-10,57%) this morning. After looking into the company a bit, I'm now inclined to invest a smaller amount. I thought I'd post it here to get a collective assessment or other opinions.
Brief background: This is a small Australian mining company that mines antimony, among other things. Antimony is used in the defense industry and for batteries. Due to an export ban in China, there is now a shortage on the global market. $LRV (-10,57%) The company owns a mine that has the potential to cover 7% of the global demand for antimony. On the other hand, the company is tiny in comparison and the USA is pushing ahead with its own projects. Who else is invested here or is considering getting involved?
