RE:RE:RE:Drilling/Exploration News CRE vs PeersAll your assumptions could be right monkeyhere. But then again, they are assumptions.
If we stick to the facts, it is proven that there is just as much money to be made with spodumene only and building a converter is a different ball game that may happen if we prove like you say that we have reserves for at least another ten years.
These are all known issues, and management have been very transparent with their intentions of going for the spodumene production first.
There are smaller than Rose spodumene offtakes that are signed and the temporary slowdown in China will not halt the EV transition. There are still many gigafactories being built around the world and most countries are commited to transit towards electrification.
The China market will pickup after their new year vacation.
JSL pointed out right after the permit that signing a partner could go all the way to the end of first quarter. We are not even in the middle of that.
Volumes have been great since then. Many longs probably were waiting for the 2 dollar mark to sell part or all of their position and the recent hike to 2.43 was a good occasion to let some shares go.
And yes there are strategies that I do not like (shorting and manipulation, anonymous, ect) but it is part of the game.
Key players have been hired for the build in late spring of summer and possibly some orders were made for mining material.
As for drilling, I do not expect CRE to do a trade halt anytime soon to say that found lithium. They could do a halt for that alot later when they actually have a reserve increase.