Li3 Energy, Inc. (LIEG.OB) Signs Letter of Intent and Begins Application Process for TSX
Li3 Energy's stock chart has hit the radar of many technical traders due to its “inverted head and shoulders” pattern. The stock's recent rise has brought the share price right against a resistance level just shy of 50 cents with the stock price closing on Monday at $0.455. News was released by the Company early this morning may help the stock break through the resistance. The developmental Lima, Peru-based company announced the signing of a binding agreement with Sociedades Legales de Minerales de LITIO 1 a 6 de la Sierra Hoyada de Maricunga, a group of private companies (the "Companies")…