One Press Release...It would not make the market turn around.
It would make those who are walking away from CRE turn around.
If you need the money for groceries or Christmas present then the stress is undoubtedly unbearable.
If you do, you shouldn't be here.
If you are willing to be standing alongside CRE rather than looking back and chasing it when news happens and market sentiment returns, then you will be be fine in my opinion.
We have a very high quality resource.
High purity. What are we hearing out of OEMs.... they are getting garbage purity or unusable LI delivered. That puts us in a good light comparatively and for the future.
I firmly believe there have been and still are discussions still happening and a deal is getting ever closer. Lawyers, accountants, CFOs, CEOs, experts all around... scrutinizing. It takes a ridiculous amount of time to do anything with two parties, let alone 3 or 4. That is when the market is stable and LORD knows we are not in a stable place right now. Calculation and recalculations and assumptions are being scrapped and reworked.
Once the naysayers are put to rest and we learn what the deal is about, we can put our foot on that step of the ladder and climb from there.
Until then, we are getting sucked into a vortex of self-feeding negativity. And if you are not able to get negative enough on your own, there are more than enough folks here willing to bring you further down.
One thing I always think of when times like this happen.
Sure 500K or 1M shares have sold and the world seems to be crapping on my stock.
But someone else is buying up 500K or 1M shares of my stock thinking the opposite is going ot happen. They cannot ALL be flipping for pennies.
Today I need to hang on to that mindset.
This too shall pass.
HIBL