A note on timeline and some thoughts I've seen a couple posts asking to clarify the timeline but my understanding is that they do not want to commit to a deadline because this gives power to the other parties in negotiation. This seems smart BUT I wonder why kind of power the other parties half with a share price at half its peak. I remember that they in the last financing round, they did mention that they were raising money so as to not be bullied in negotiations and I remember wondering why that was necessary considering that a deal was imminent with the arrival of the permit but I guess I'm learning now!
My interpretation: the delay and lack of clarity on deadline is because they are continuously fielding offers and don't want people to underoffer because they think they are desperate.
My criticism: I would've hoped that they would clarify that any deal they do will based on the estimated NPV rather then on current share price to reassure investors that any decline won't factor into a deal. As someone said before, at 3$ we could've gone to 6$ but at 1.50$ we'll only go to 3$.
Something I thought was interesting:
Once the current wildfire crisis passes, five helicopter-supported crews will resume their work to ground truth the new targets with a view to initial drill testing.
The share price started to collapse with the start of the wildfires and I'm wondering if that reflects anxiety about operational stability (along with possible incurred delays in development and construction). If these wildfires are the new norm then it might prove difficult to operate a lithium mine in the region.
I can't decide if I should I just hold or if I should gamble selling and buying back at a lower price OR just averaging down if the price continues to drop.