If they do not find enough lithium to warrant further investigation after a really minor surface exploration project, what is the future for CMY 6 months from now? They have spent 5-10 times more (thats been reported so far) on getting CHP to find them an opportunity in the tech sector. And now there is a minor surface exploration plan?
After which, Shaw River Group will have an additional 60 million shares at 0.5 per share or $300k value. I can't help but suspect that this is an opportunity that benefits the existing management in the interim, with the goal of eventually either running out of cash or finally whacking a completely new venture in a post-lithium shell.
There was absolutely nothing in that news announcement on friday that warranted such a insane turnover of company stock other than word 'Lithium' in the title. I took the opportunity to minimise my losses and exit at the highest price we have traded since the start of December. Good luck to the new arrivals. Come next week I think its 50% chance of going above 1 cent and 50% chance of settling in at 0.5 again, I dont have big enough kahones to ride this bull.
I would be interested for someone buying in on the lithium ticket to explain what exactly they saw in that announcement that got them to purchase. Seems like the only ones who won on friday were those who pip traded a few opportunities.
