Post by
javaman12 on Mar 25, 2023 5:26pm
RE:@ marty and Java ....
Kozmo T what do you mean? Please expand on your point of view? Martyboss and I are both invested in Rockcliff shares. I hold well over a million shares of RCLF. According to him, Marty only holds less than 200,000. I got them mine so cheaply that I just couldn't believe my luck. And yet here we are again, today with another 430,000 shares on the ask. And wouldn't you also want to know the reason as to why? I am speculating about good future possibilities. And I wonder why managers don't take some extra initiative to make their companies more valuable.
With respect to Foremost, I recently acquired a more modest amount of shares, around 53,000 when I saw the company's most recent press release. I jumped at my chance because I thought that the shares were now incredibly undervalued even at 20 cents each. And they are now even cheaper at around 18 cents. Who cares, anywhere around these price levels, Foremost shares remain a screaming buy!
Potential shareholders of Foremost may be temporarily sitting on the fence because they don't understand the reason as to why the share price isn't already moving sharply up? Rockcliff Metal's present and potential shareholders have a similar problem, but the managers there appear lost in deciding about what best to do to increase sharholder interest.
Foremost management is acting while Rockcliff managers, appear to be sitting on their hands!
But both companies offer incredible value to all of their shareholders, if only, they both make the best of decisions in the future! But they both must act!
What's wrong with contacting mining companies directly or overseas battery producers who might be willing to offer some off-take agreement in the form of a memandum of understanding? It's the managers job to increase shareholder value in any way that they can. If they aren't up to the task, they need to be replaced or hire someone else who can!
How much does it cost to just pick up a phone?
These are very competitive times in the exploration space. Those managers who are the smartest and show the greatest initiative are the ones that shareholders need to respect the most! And they will buy their shares if they are successful but will sell sharply down, when they miserably fail!
I believe that Foremost management is acting in the best interest of their shareholders by growing their company as quickly as possible. Some properties may be acquired on a temporary basis, as an astute cheap acquistion, later to be sold at a profit, so that money may be better spent in other ways!
I don't pretend to know where Foremost's future, better lies, in the lithium space. But I do believe that these managers are headed in the right direction with every decision that they have recently made!
It's my expectation that these same astute Foremost managers may also be looking for some off-take agreement, similar to the one that LGE made with Snow Lake Lithium.
These guys aren't stupid. They have seen what has happened to to the Snow Lake Lithium share price after the off-take agreement was put into place. Does anyone really think that just because a company trades on the Nasdaq that this is the only reason that the company appears to be more valuable to any potential investors?
As far as RCLF is concerned, they have all the assets that any company would want to promote. But why aren't they doing it in the very best way? Why are there 430,000 trading on the ask today at a mere 3 cents a piece! This is absurd!
And you Kosmz T, consider Rockcliff Metals to be fairly valued and Foremost too expensive?
These companies could do much better if they choose to work together in the Snow Lake region as a team. That's how all successful players work best in this world. These are early days in the Snow Lake lithium space. But the shareholders of all of these companies would like to see their company's share price rise up as quickly as possible!
Off-take agreements are essential in the battery metals space. And upgrading the ore produced by explorers who hope to be miners one day, by building local concentrators, are the best way of doing just that!
Working together as a team in the energy metals space, in whatever way possible, could be just the very best next challenge to meet!
But it takes all managers to be up to such a task! If not, then shouldn't they, just be replaced?
All the best! Java