Post by
lithomon on Aug 21, 2023 6:57pm
New 52 Week LOW = $1.33 - The Market Knows the FL Follies
From Top of the Share Price Wave with many mining industry executives salivating what driving FL a few years ago to even more talk nowadays of why FL has sunk to new LOWS like a Lead Balloon, coupled with a high value Lithium discovery (multiple discoveries)......it becomes more & more apparent a significant re-direction at the most Senior corporate structure level is likely required.
"Ridethewinners" has accurately pinpointed many key elements of the root cause of this rapid decline with investors almost scrambling to get out in recent hours.
As well, there are numerous other aspects pertaining to leadership that could be further explored which has contributed to the "current" decline of FL.
As I have often indicated, Leadership is Everything and probably most important and "critical" in the mining business (in comparison to other industries) as there is ZERO room for making errors in project development, construction and production operations and it all needs to be done and coordinated in a timely manner or the consequence is what Frontier Lithium is experiencing right at this very moment.
Comment by
YCBASMG on Aug 21, 2023 11:39pm
Lithomon you must believe that Lithium Americas, Piedmont Lithium, Critical Elements and Albermarle and PMET all have crappy management as well. They are all trading at or near 52 week lows and are down from 32% to 56%.
Comment by
YCBASMG on Aug 21, 2023 11:47pm
and, lithium carbonate prices are down by 64% from their all time high in November of 2022. So, it is not surprising the lithium miners/explorers are down significantly, FL included.