FL rockets 🚀 Short Squeeze Momentum should Move CRE NeedleApparently, the heavy naked "shorting" of Frontier Lithium resulted in some solid momentum covering on Thursday and Friday, given Phase 1 "Construction" plans are only 10 months away.
An ambitious plan that will take careful planning and expediting of materials and equipment across terrain to mine site to be able to begin pouring foundations in Spring 2025.
Fortunately electrical power "Hydro" is nearing ready to tie-in to FL's Lithium mine site.
That is half the battle during site construction and production (and important to corresponding capital and operating costs).
Still surprised no announcement yet of FL takeover offer by Ken Brinsden's PMET, no doubt all-share takeover Bid transaction.
Then Brinsden can focus 2024-2025 on constructing Lithium refinery operation for Quebec and be ready to ship Frontier Lithium feedstock to PMET Lithium refinery sometime in 2026 then be constructing "Corvette" Lithium mine site operation later in 2026-2027.
That is, Brinsden can focus on what Brinsden does best - building Lithium refineries.
That is the plan needed to be ready to supply Lithium compound in 2027 to Canadian battery Gigafactories currently under construction in Ontario and Quebec.
In any event, all this potential scenario Lithium activity will no doubt move the share price needle higher for CRE.