I agree that the share price is an absolute disgrace but should it be any different at the moment:
Over supply of lithium
Likely to have some issues with environmental permitting - Tiehms
COVID-19
I know management couldnt predict COVID-19 nor the oversupply of lithium but I do think a little more transparency of the buckwheat was needed.
But I disagree with more information release from INR at present. What news could INR possibly provide that would help at the moment?
The permitting is a wait on US government departments so out of their hands and the financing discussions would be almost laughable at present. Bernard and team know that locking in a price for Rhyolites lithium will look silly in a year or so when oversupply drops back. So why would they push to secure off-take in a buyers market?
I am down 20k on this stock so I too am frustrated. How you can have an asset capable of being produced at the lowest cost and not get it to market???
Unfortunately sometimes patience and time are the best answers, so have put INR in the bottom draw. If permitting is fast tracked I will pick up some more. COVID-19 and Lithium market will sort themselves out. So if we can get a decent permitting timeframe we will see some significant gains IMO.
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