RE:RE:RE:RE:A few things.....We are seeing the results of 4 years of IR inaction and I beleive you are entirely correct in your suggestions. An IR program takes a while to get done properly, even longer when you are faced with the track record and reputation this stock now has. If we are right on the quality of the asset, it will turn around.
Mgmt does not understand that IR is not promotion, it is not hype and fluff. It is about having a clear business plan and educating investors with realistic assumptions. It does not help that FL has missed most of the timelines they set years ago, and ran the finances to dangerously low levels. Lithium is a new industry, and many do not understand it. None of the brokers I know have ever been approached by FL, none have had meetings with them, in spite of the company knowing they are or were shareholders. Calls made to FL can take days to get returned (that is better now than it was), but no follow up has ever been done.No quarterly earnigns calls that give investors a chance to hear mgmt and ask questions.
The previous PFS was an unwieldy document required for regulators, but not at all investor focused.
I fear the new one will be similar, just with better numbers. Investors, both retail and institutional need a coles notes version that can be easily understood. It is a competition out there for investment capital, and based on the lack of follow up from the underwriters, FL is on it's own here.
Investors also seem to be unduly comfortable that the Walker family will bail them out if needed.
I do not believe that for a moment. If FL is forced to rely on the Walker family for capital, it will come at a very steep price. That is always how it is done, new money is worth more than old money, and if they choose to self finance this, there will be substantial dilution. They did not run a very successful construction company for generations by giving away free capital.
Best of luck