Post by
trader53 on Oct 09, 2024 5:39pm
Last two days of trading!
Trading over the last two days averaged about 3200 shares per trade. This tells me that much of the peripheral trading was from retail holders and I would expect more of this selling to continue. I checked today that the latest interview has had only 989 views so it's not surprising many retail holders are happy with their returns in the .42 range and may not be paying attention to or understanding what is going on here. This is also true of the investing public who have no clue how profitable a near surface high grade cesium deposit would be. Each news release should help to paint a clearer picture and there is no doubt Case Lake in time will become mainstream. As a due diligence addict, I have to admit that researching cesium is almost impossible. It's clear that China does not want to talk about the value of cesium to the point that they completed a non-disclosure agreement with the Sinclair Mine who agreed to not disclose the price they sold their cesium for. I do know the Shanghai Metals Exchange quote cesium price at $3780 Canadian an ounce. The PEA on Case Lake is going to be outstanding but once the market sees numbers on the offtake agreement most analysts will have a leg up to do a back of the envelope estimation which will get the markets attention. A month ago, I said many would look back in disbelief that they could have bought a share for a quarter. I believe in 30 to 45 days many will again look back in disbelief that they could have bought a share for .42. Just my thoughts please do your own due diligence.
Comment by
Larder111 on Oct 09, 2024 6:19pm
The only reason why I'm here is because I've done my studies on Cesium and from what I read is there is a massive shortage on this very rare earth metal with such high demands .My understanding is China wanted a part of this stories at case lake but got denied.Just a matter of time before people catch on to this story .Good times ahead folks...