blessing in disguise?First off, looks like we are stuck at this price, until the financing closes (later this week). Which is understandable and usually share price goes down to financing price, until financing closes. This happened to us since we were trading at $1.97 only to decrease to around $1.60 range....then up to $1.75 as the financing is closing this week. No surprises there.
Second of all....could this be a blessing in disguise? I'm still not totally clear on whether the COMEX questions have been answered in full or not. The earlier text from Eric does not prove to me that there are no other COMEX questions that need to be addressed. It reads kind of funny to be honest.
Not to question things or be negative, but my comments about a blessing in disguise are as follows. It is my opinion and belief that they are still working on an offtake agreement/partner, whether or not permits are delayed further. It doesn't matter since they can still strike a deal with the partner (based on condition they will get permits).
I know in previous interviews they said that permits will make it "easier" to get a partner and I can see that, but why not be in negotiations now? That way it speeds things up when you get the permits? So it is a blessing because the partner (potential partner) can accumulate more shares now, at lower prices, which is even more incentive for them to invest in us. So more incentive for them to sign up with CRE.
We can go through all the conspiracy theories we want but at the end of the day, the share price will increase. JSL wants and needs the share price to eventually increase even though he is making a sh*t ton of money for the last few years through salaries, bonuses, options, etc., even though he has done very little to increase shareholder value. You can't argue with that. Look at our share price before you comment and give me a good reason we are not trading in the $4-5 range (at least)
Why did they not do more promotion over the past few years? Why did they not sign an offtake (even though they've had lots of interested parties)? Why did they kill off yet another rally as we were almost at $2+ by doing a financing at $1.75? Why did they not update their feasibility study to include current lithium prices (which are 3 to 4 times more than they used in the original FS)? What would that have done? Show that they have $2+ billion after tax for Phase 1 feasibility alone?? I wonder what would have happened with the share price.
JSL, time to sh*t or get off the pot. Sign an offtake so that when permits come, you can actually start building the mine in 2022 versus sitting on your a$$, collecting a fat cheque while all these other juniors that have less resources, are less advanced then us (some don't even have feasibility studies), are in more "riskier" jurisdictions, but are worth more (or will be worth more) than us. How??