So True Margin, No Revenue to Develop/Access to CapitalGood points Margin, no access to capital to develop & NO Revenue for a long time (with the high grade Lithium right there visible on surface & the world scrambling for this new energy alternative to Russian energy). I mis-judged that criteria while FL was a Lithium high flyer, especially since the Company's heavyweights couldn't get a deal done to develop the infrastructure for shareholders during the years of "red hot" peak times & for sure, it's certainly not going to happen in current times with the global economies weakening. As Jamie Diamond noted, loans are souring, hence the end to share buy-backs and JP Morgan beefs up its loan-loss reserves.
As Margin commented,
And the chance that someone (big miner or private capital) will grab it relatively cheap are maybe seeming higher. What may be holding them back (and pushing them down) is the realization that they have little cash and will have no revenues for a long time.