this price action is very interesting.
Sellers galore - short interest at 137m
Contrasting that,
1) we have consititutional backing for a mining license - doesnt get more certain than that
2) Funding in place but expiring today - Does the market know something here? I expect funding is a leaky ship at the institutional level.
I cant help but think perhaps there is more to it..
having upped my stake by 40% yesterday and now watching those stock i sold go higher whilst this go down, you think i would be upset. But if CATH wants to walk away from a 240m investment for a company providing 10% of global lithium in 2030 then I think thats GREAT!
240m was a discounted rate to build up the strategic partnerships, I think we can easily do a hell of a SPP and get that money.. As long as we get allocation, I have no issue with that- Its less than 10% dillution from here
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