Frontier Lithium Continues to Roll Over
Daily Low = $1.25.
Hopefully not many caught in that debacle of "Inexperienced operators".
Hopefully just mostly management holdings taking the hit on the chin.
Always interesting to know what degree of insider selling took place from the near high share price of $4 towards the current "rollover" price.
On the contrary, Lithium Ionic (LTH) held solid in recent months largely on account of solid management.
As Cole McGill (Stifel) emphasized, LTH = strong management.
Perhaps FL is now realizing the "Critical" importance (no pun intended, e.g., "Critical") of the right type of "seasoned operators" driving a project through to Infrastructure development, Construction and Production operations.
Any degree of failure along this process path can have significant consequences (e.g., share price rolling over), placing the Company in the vulnerable position of being a "Prime" Takeover Target, as emphasized by Cole McGill, VP Mining, Stifel Financial (Bloomberg Interview 3 days ago - 3 Lithium buyout targets).