The compass just keeps spinning on this and entire sectorIt is very disheartening to see how the whole sector's trendlines look awful. So similar. All companies more or less with the same signature. Down and to the right wit a sucker bounce or two.
Critical Elements has always been a sleeper...even when times were great the liquidity was never what it should have been.
We have been told of the high concentration of share ownership in a small number of hands.
So here we are. Low liquidity. Minimal reasons to get excited. Low volume movement that can bring the price down a couple pennies. Very depressing. So we continue to slide.
But we have permits and engineering work is continuing and is well advanced.
There is still money in the coffers to ride out the storm. A decent amount.
And there are investments that are fortunately doing well on the books too.
Others are nearing broke and will need to raise in this awful environment.
By all accounts CRE will not.
The Rose is ready to go once financing/FID happens.
Rose West is looking promising.
Power Nickel is looking good and backstopping some of the pressure. Cannot be relied on but thankfully is there.
Other prospects for adjacent property also show some promise for different storylines in the future.
But as for Lithium...we are stuck in purgatory right now.
Great big producers are bleeding out good ore and losing money at the same time.
I wish I didn't have to care as much as I do. But here I am. Caring a lot.
Honestly am a little bit grateful that we have what we have in terms of a license to move forward and some cash cushion. I wish I had sold (yes yes Monkey... I do wish I had sold). But I didn't
Only news (real specific news) will move us upward and shock CRE out of the drift pattern we are in. No interest otherwise.
Only SECTOR news will move CRE up and sustain that movement upward to add buoyancy to any CRE progress news that lands.
Government support through Crit Minerals Infra Funding would be great to hear about. Surely some work is being done there to support the space now that EV tariffs are slapped on China.
This is an emotion and economics game right now. Everyone is feeling emotional. The economics are uncertain. Supply is in question. Demand is in question. Nobody believes what they hear or read. Nobody knows what will happen next or if they are playing in a fair game that actually has knowable rules anymore. But here we are.
The compass needs to stop spinning.
When it does, we march.
This is certainly not the best of times.
But also not the worst of times.
We have a pulse and pretty good vital signs.
Some others wish for that.
Chin up,
HIBL