Critical Elements Lithium Corp V.CRE

The wait !!

[tinker901]

I guess we can all speculate on the recent activity with our SP.

The simplified version is that there are quite a few sellers ready to cash in part or all of their position around the 2.30 mark.

And here is the deal, if you want to let go of an sizable amount then you have to go lower a few cents. So best way to sell the portion you have in mind is to go with smaller amounts. And that drags it on.

On the buying side, with a bit of patience, you can get shares between 2.25 and 2.30.

Our management has purposely or inavertently set up this scenario by stating that they are not in a hurry to sign any deal and this "could" take a while. 

The sense of urgency has been dampered by just a few words.

JSL and the management team are quite the opposite of a used car salesman. 

So even if most investors believe CRE is worth more now after the permit, they also see that they can take their time and pickup the amount of shares they want at todays undervalued prices.

This post is not intended to be a rant, but is rather my actual disappointed sentiment of being pushed back (again) a few months.

In the end, I am sort of hoping now for a takeover bid at 4 or 5 bucks and put and end to all this endless wait.

And this, even if I know that the SP could be in the 10 dollar range within a year or two.

[monkeyhere171]

Definitely disappointing to see the SP gain only 10% on the final hurdle!  It should be noted that in a few weeks, we will get to the tax selling season so many could sell as the gains with CRE can be covered by other losses. I think nothing will happen until after Jan 2023 and will be difficult to hold on while this goes down or stays flat.  I personally always wanted to sell at $2

[Wheeler]

In addition to the sellers who have been wanting out of CRE for several years now, I believe that many of the shares sold over the past couple of days were just recently purchased by investors who thought this was going to be a quick double, as we all hoped it would be. Now that they realize that that is not going to happen, they are dumping their shares for other investments. Just a theory.

[Longalways]

Well said. But in another way to see it is to forget the many years of wait, it's water under the bridge, investment that has not given profit it will never come back. Today one should see how much SP could go up in a pretty short time compared to increased value to come. Unless you have more money to make with other investments in the same period. Maybe you need cash for something else

[JRVansant]

As someone that was deep in the red for so looonnnggg with CRE I can understand people's desire to get out as soon as it turns green.   I'm lucky that I never lost money with NMX but JSL vs. Guy Bourrassa is quite the case study and while the wait is frustrating, I do trust that the CRE team is the turtle to Guy Bourrassa's hare.  Guy Bourrassa kept rushing things and