Frontier LithiumLast November we hit a high of 1.98 while Frontier was at 1.44.
Since then, their (Frontier) only meaningfull NR's were 2 private placements of 10 and 12 million.
But here is the thing. It looks like they gave out less candy (warrants). Only their broker got some and not everyone at large.
Then on the CRE side we gave out 14 million warrants on our last PP. With the result that we all know. Investors cashed in the shares and kept the FREE warrants sending our SP downhill.
So now FL has gone from 1.44 to 3.09 and CRE has gone from 1.98 to 1.35.
FL has no FS, no permits and a smaller reserve of lithium.
So what am I missing here ?
The answer is that investoprs are not in to see a mine. They could not care less. But our management who have our "best interest" in mind have a different end result in mind. They want to build a mine.
It might turn out to pay off once the mine gets going (if it does) but in the meantime we are the turtle here and are watching the rabbits rush passed us.
So that was my rant #2 for today.
Sorry guys, it is just one of those days.