RE:RE:RE:My take on the new financing.The issue is more of trust I think. We all agree (or anyone logically) that cash will be required for a mine if they end up going alone at it.
It was only weeks ago that they stated they had more than enough and strong treasury for the following year. It's very poor credibility to state that then do a raise weeks later. Investment recommendations are given out based on these statements.
I refer to my previous post - about waiting a few weeks on supposedly stellar pilot results. Everything in the lithium market is a tailwind at this point. Supply is super tight and always playing catch up even with perfection from all new mines on timelines. Prices will remain high - maybe not spot high - but definately higher.
Interest rate hikes are near meaningless. The FED is going to back off at first sign of trouble. It's a casino and they are house rules. And if inflation is a concern..... guess what that means? Higher prices, lithium included.
CYP also didn't even post this news on their social channels as of this moment but always does otherwise. Very telling.
I thought the 6ix presentation was a nice change of winds.... but ....
AtoZsports wrote: I doubt I am the only one. I stated it was not ideal, however the extra cash opens up plenty of possibilites that are positve. If you can't deal with some dilution while investing in development mining companies you are in the wrong place Tiger. This poor management as you put it has acquired the land, made a discovery, gotten the project to a stellar PFS stage, construted an operating pilot plant, acquired water rights, and is on the doorstep of a BFS just as lithium demand has prices at all time highs, in the best mining jurisdiction in the world. All in the span of a little over 4 years. I don't think you understand mining investment. Well BOO-F'ING-WHO The share count is still well under 200mil. I will be putting more money to work in Cypress after this accouncement. I am plenty convinced the "poor" management is going to make me a ton of money.