Post by
bigops on Aug 22, 2023 8:16am
What does the stock price tell us
Amazing....you can go back and read it when the stock is up high and when the stock is down low.
It's happening now....again....so predictable....
At both ends of the spectrum everyone "knows" what is going on. When the stock is flying it is signalling that everything is great (NOT!) and when the stock is low it is signalling that everything is terrible (NOT!)
Folks - look at pretty much every Li name out there -- they have been destroyed over the past 3-6 months. We are no different. This is a sector issue.
Our stock price stinks right now....but it is not in any way a definitive comment that we have missed the boat etc....if that were the case we would be trading at a quarter or less....our stock price stinks much the same way that most Li names stink.
All that to say -- it does not excuse Mgmt and their ever moving goal posts....very frustrating. Also does not absolve them from communicating more....
We will turn around when the sector turns around....and when we see news on mining permit, engineering work 60% done, long lead items ordered, trees cleared, and....oh ya, the offtake and financing.
Comment by
m73hx454 on Aug 22, 2023 8:37am
Yes and no. Fully permitted resource in a safe jurisdication makes CRE kind of unique. So yes, we can look at peers. But peers like Frontier Lithium etc. are at a very different stage or of different nature. CRE is ready to go, but no partner out there seems to care.