Post by
Dareg on Mar 21, 2024 10:40am
Will Financing News be a Whimper or a Bang?
We all know that this mine will get financed eventually. But, I'm wondering if it will be nothing news if it is released during the summer. After May, the markets often fall asleep. I'd like to believe that financing news will hit bigtime and not fall on deaf ears. What do all of you think?
Comment by
userli123 on Mar 21, 2024 10:46am
depends how the deal is structured, drill results, spot price etc. so many factors come in play. noone can predict it.
Comment by
monkeyhere171 on Mar 21, 2024 11:26am
Suggest to look at FL performance as a guide to what might happen. Stock went 3x the low it was just before the JV announcement. And then falling back to around 2x from the low. For CRE, due to advanced stage maybe it can do a bit better and go to $2 and falling back down to $1.5 ?? That's contingent on dilution of course hopefully they do debt and piece of Rose only not the company.
Comment by
greenstar1 on Mar 21, 2024 11:33am
One thing I'm confident about is that the share price will double or more in due time, from current level. Therefore, bought more this week to hold. Low risk at this price and bottom seems to be in for both CRE and lithium prices.