Reality is a BiatchWe all await Tuesday, however the delayed NR tells me they could not post the news as they thought it should be, hence it ran afoul of IIROC rules. Reading between the lines, they as all stock promoters are afraid of the truth as it does not sell a story. So they had to water it down and could not release the NR and were not prepared for this, hence another amateur hour.
We are more likely to get a PP and some vague wording of continuing talks, as money is and always has been in short supply so continued dilution. The major benefit to existing shareholders is the action outside CRE will give everyone an equal opportunity to sell your shares to the next bag holder. Good news from the industry in general floats all boats.
CRE tried to sell the story of multiple revenue streams and that too has been watered down as reality sets in. This is not my opinion but fact from the last AGM and the change in sales pitch. The reduced costs of the proposed mine is an attempt to get someone interest in getting this project moving forward. Quebec is full of bad shareholder stories RBI, ORT, RGX and many more. Just look at these rats how they move around, for example Peter Secker's (RBI) new venture Bacanora Minerals. If that is not a sign of take your money and run for the hills if you have a profit with that company.
The world is full of crony capitalism and Financialization of everything and the value of nothing. We are in good times for now for the lithium market, so like all markets this too will become a commodity to be attacked from all ends of the spectrum. Meaning price projections are meaningless as they are just cannon fodder from the last expert opinion and the only thing worse than expert opinion parading as certainty, is expert opinion presented as accurate measurement.