RE:share price todayI personally think that it's the NMX effect and the less than exciting update that management released at the end of December that continues to drag us down. Management needs to prove to investors that they are not the next NMX by first securing permits and then securing financing / strategic partner. Until that happens, we are not going anywhere but down in share price.
I wish that they were able to share more details around dates / timeline and where they are at with their negotiations in the last new release, which would have likely helped stablize the share price a little bit. The way the news release was worded it did not inspire much confidence that anything is going to happen right away, even though it absolutely could. Management also does not have the greatest track record in keeping to self inflicted timelines and adequetly communicating delays.
Although the macro picture for lithium has improved over the last quarter, we still get impacted by the general macro picture, especially any negative news coming out of the US. Just have to continue to be patient and allow things to play out.
I also topped up my TFSA the other day at 37.5 cents and am currently holding a little shy of 1 million shares.... so I'm all in on this one and have been for the last 10 years or so.... just wish a little birdie tapped me on the shoulder back in November / December 2017 and told me to to cash out, but I continue to be a believer and am confident that we'll be back in that range one day again.
redbull7 wrote: So, the reason we are down almost 10% today is because........? People topping up their TFSA? I did that at 37 cents this morning. No, I'm not worried about the share price, just frustrated. Maybe this is the NMX effect. That was/is strike two for Quebec lithium companies. So we are very much grouped together with them and with Canadian Lithium.
With the lithium ETF higher, with more and more stories of lithium demand, with the upcoming catalysts (permitting, offtake partner, construction, etc.), why the heck are we down???