VentFlucuations are expected - but not usually this negative in a time when you are suppose to be working an instituational raise. Who wants to buy in at 1.65 when its trading at 1.45.
Maybe if the company had a CFO in management it would help - I have had that thought in my mind. Figured they were preparing to sell and keeping staff at a minium - i know they have it on the Board but not in managemnet. I would think that if you are building a company you would have a CFO in place that is going to need to manage this for the longterm if you are building a company.
This is a bit of the difference in building a company vs preparing a project.
Based on Redbull's post - I took - be prepared for us not meeting our timelines.
The HELM deal was we will work within 60 days to come to terms (didn't go back and look at exact language), but there are lots of terms to work out, but CRE had said they were working on financing months prior to the FS being completed.
I know its hard to knock a company that has had the returns that Tinker pointed out - but the clock is ticking on these guys to deliver. Lots of lithium plays out there with management hitting their timelines and signing up offtake and JV's. Offtake is key, SP is key for institutions to buy in - (maybe they needed it to come down to get interest so they can say "it is not much of a discount to today's price - who knows).
What would be good is some exposure - if they are building a half a billion dollar mine - get some support.
I am gearing up mentally that they miss target and "only" come back with an offtake agreement and not the full financing - which is what I think they NEED to do now. Why raise when SP would be higher with an offtake.
Vent vent vent