RE:RE:RE:RE:RE:Today...We are seeing the same kind of bullsh*t trading so far today (Monday). While all other lithium stocks are up quite nicely (NMX, LAC, LIX, even RCK!!!!!), CRE is about to go into the negative. At this rate we will likely see $0.40's this week.
You can make any excuse that you want for the drop in price, such as delays for the BFS, potential trouble/problems with the BFS, lack of updates, etc. etc. At the end of the day, I still think we are INTENTIONALLY being kept lower. C'mon, how else do you explain a valuation of $75M? It's a joke, plain an simple. The big boys/institutions are doing whatever they like with this stock, and have been accumulating for years now. As for JSL/JFM, they've probably never bothered looking into this (possible stock manipulation of CRE), since they don't really care what the share price is. They want to take this into production, and that's when they'll care. HOWEVER, it does make a difference if CRE trades at $0.50 or if they are trading at $0.80. For instance, they will have to issue more shares in the future. If the stock price is only $0.50, they will have to issue MORE SHARES IN ORDER TO RAISE THE SAME FUNDS as if the stock price was trading say at $0.80. So they are dilluting the company more than they could be...only if they had done a little promotion/advertising and raised the share price in the meantime.
Who knows...at the end of the day, maybe it's a deliberate attempt by the directors/owners of the company to keep the share price low, in order to accumulate more shares personally (family/friends), or they were required to keep it low (maybe HELM or other investment institutions wanted to accumulate as many shares as possible). Conspiracy? Heck yes. Anything's possible. Years ago, there was talk that the fair price of this stock is $7. Now, you are lucky if you can get $0.52 for your shares. WTF?