Risk off....FL & CRE share price Equalized once againYes Buffalo, it didn't quite make sense that Frontier Lithium was priced 3x CRE for the past many months. With the massive FL share price slide, all is Back to normal with CRE & FL share price now equalized.
I too, got caught up in the FL hype. Me bad. I mis-judged the anticipated revised timeline to Lithium production. It happens. I missed that 2027 push back date. I know Raff tried to flag us.
It sure cost FL heavily in terms of a massive haircut off market capitalization.
One positive about Management having a lot of skin in the company, when shareholders take a big hit, the management takes an even larger hit.
There has been a lot of "consistent" selling and relatively high volume over the past few months.
One has to wonder who did all the FL buying over those months of share price deflation.
Possibly "Margin" is right, and the big Frontier kingpin in a few months will be RIO Tinto or BHP.
Then for sure, that timeline to production significantly moves up a few years & back to normal again, initially at 2024-2025 (which was already a slow turtle pace).
Afterall, Rio Tinto just recently paid over $800 million for a Lithium project in Argentina and BHP's massive Lithium project was revoked by the Government of Serbia.