RE:Looking On The Bright SideThanks Blaggers for pointing out that gap window between 1.02 - 1.05 the other day, my order at 1.02 got filled. I took advantage of this buying opportunity to add to the RRSP.
I think we are moving in the right direction and see this bought deal as positive news. If I remember well the last time CRE announced a bought deal the share price doubled in less than 2 weeks, from 0.35 to 0.70 in 2016.
All the other lithium companies took a hit in 2018, but by reading all the articles posted on this bullboard I get the impression that the demand side is strong and wasn't affected. CRE announced on February 7th that they had 'more than 12 non-disclosure agreements with strategic parties'. I work in real estate and am comparing this to a multiple offer situation. When there is a lot of activity on a property the seller makes the rules and sets a deadline, all offers have to be in by a certain date/time. It's been just over 60 days now, I think it would be realistic to expect some sort of news about an offtake before the AGM. If we don't have an update before the AGM then early this summer. This is just my view and opinion.
Matteo