interesting newsSo first thing's first. We are going down in price today. I don't see any way we will rebound, especially after HELM agreement was dropped.
Second thing. The way I read this is that CRE chose not to grant the extension. This means HELM wanted an extension and CRE said no.
Third thing. I had a discussion with JFM maybe a month or so ago. He told me several times that discussions with HELM were going well but nothing was definitive. He said more or less that HELM wanted the same kind of contract they signed at the beginning, but CRE thought this was not in the best interest of the shareholders. JFM pointed to the massive increase in lithium prices and said that he didn't want to give the company away.
Fourth thing. Looks like they are still advancing. Production start-up is expected 2020. This to me means there is another investor(s) out there that will finance CRE. Yes HELM would have been awesome, but the prudent Germans probably wanted CRE for cheap. And CRE said no. So all in all, it's not the end of the world.
In all of this, CRE managed to put out an oustanding Feasibility Study. The players in the lithium industry will take notice. They are bound to find the necessary financing. The only issue I have with all of this is the fact that CRE has missed deadlines after deadlines after deadlines. So how long will it take for them to find another partner???
If anyone has the chance to call management, I would be very interested in their take on this HELM issue.