downtrendThe downtrend continues. Bids are at $0.35 this morning. Asks were at $0.40 until a few minutes ago, until they went down to $0.38. NO DOUBT we will hit $0.35. Maybe even lower.
You can blame any number of factors but the fact that CRE does not put out some sort of shareholder update is detrimental to their share price. You have to look at the shares traded each day. It's usually between 100,000 - 300,000 shares each day. This is VERY LOW compared to their float. The last time we traded over a million shares, we went up $0.13.
So my point is, it's very easy to walk down the price on low volume. At this rate, we are going to be a sub 30 cent company before any concrete deal/offtake/financing is announced. Then what happens? We shoot up to $1.30? (insert eye roll)
CRE, give us an update on:
--offtake/stragegic partner (ongoing....but how close are you?)
--permits (filed last set of responses....expect to receive them within 30-60-90 days?)
--financing (in discussions with banks/financial institutions, etc. etc.?)
--comments on the whole lithium market would be nice. There seems to be a LARGE disconnect