Where do you guys think this bottoms?My best guess is prior support at $1.30-$1.40 - but curious if anyone else has an opinion.
BTW - also shocked about the performance/valuation discrepency between CRE and every other lithium comp - hard to make sense of it - my best guess is Cantor stuffed a bunch of low conviction investors with stock - sounded great to them (with the warrant) until the price started declining and their portfolio managers started yelling at them - easy sell when you still have the warrant.
Hard to understand why management executed the capital raise right ahead of THE de-risking event. Now we're just stuffed full of a large number of weak hands.
The good news is I think CRE finds support soon and will hopefully give us all another chance to top off our positions.