OK everybody - take a deep breath and count to 10I see that a lot of people are talking about the lack of news on financing for the pilot plant. Yes, the delays are worrisome and, understandably, that is causing people to doubt that this project is ever going to get off the ground so some investors are selling their shares and moving on. After all, this is junior mining, a high risk category, so I totally get it. Plus having Anonymous coming in every day and driving the price down, causing others to panic-sell whenever there is any upward momentum is more than frustrating.
But all that is just one part of the story. We all know that Li is needed for the green power revolution that is coming at us fast and hard in terms of EV cars and battery storage and that’s just for starters. CYP, IMO is going to be wildly successful, because as many on this board have explained in detail over and over, we have the best junior story out there.
I’m long, have not sold a single share and am going to ride this out until the INEVITABLE financing project is announced. Be aware that it’s not just CYP saying, OK, we’re going to raise X $$ millions. This has to be done right - the lawyers have to dot the i’s and cross the t’s and this has to be a part of CYP’s longer term strategy that fits their future planning.
I trust Dr. Bill and his team and respect what he’s done so far. He is a thoughful planner and no one on the inside is selling. This may not satisfy everybody, but I’m sitting tight waiting for the pilot plant financing to be announced. There is so much new money flooding the Li space that we will get our share and be successful. So my message is don’t worry and sit tight. All this is just my personal take and belief, but do yourself a favour and think about it before doing anything.