RE:RE:Helados Expansion and Management AppointmentTrue. there isn't much interest yet. Their land position appears to have potential but is unproven and needs to be drilled and the wells tested. I like the idea of the spin out which will unlock any value the hard rock assets may have. It also allows for separate investment/financings in a pure lithium play and a pure copper/gold play.
I don't think the company has positioned everyone they want in yet, so there has not been much or any promotion (road shows, conferences etc). They made Cochrane CEO, brought Bowering, Millenial Lithium founder on board and now Ross so they are adding some names but, as with all exploration companies, the proof will be in the drilling.
One also has to consider what part of the world they are in. I'm thinking equipment and personnel might not be up to North American standards, which may account for some of the delay.
All in all, the SP is holding up quite well given the markets and the fact that a 10 million share financing at $0.40 became free trading last week.