Possible Lithium Short Squeeze Going-on at CREGood to see the downward pressure easing up at CRE. Up to around $2.30 price level today.
I believe it was CRE's Chairman that indicated none of its peer companies will be into Lithium production this decade (not sure if that comment included Frontier Lithium).
He further indicated that CRE's "Capex" financing should be known soon and CRE will be sod turning, breaking ground in the early spring 2023. Perhaps this news is imminent.
Therefore, it appears the "shorters" are now forced to buy up CRE at the rising price levels and hence, a nice pop in its share price.
Imminent plans of "construction" or production significantly moves the needle a lot higher with these Lithium companies. CRE appears ready to break ground, given the highly experienced "project construction" staff hired in recent weeks and today.
Good to see CRE finally beginning to make a price move in terms of share price as a function of its NAV. Perhaps Frontier can follow the CRE price trend sometime in the first half of 2023.
It is clear that Lithium drill assays doesn't move the FL price needle and my guess is the pre-feasibility results won't have much effect either.
Companies, the likes of FL will likely only see share price appreciation when the Company can actually "physically" show investors the Company is actually capable of some degree of sustaining Lithium production.
Until then, it could be exciting watching CRE get re-rated & re-priced in the market.