Widgie Nickel LTD, page-920

Yeah I feel your pain. I thought buying in the low .20's was great value but after today that certainly doesn't look like the case and we are now sitting about %20ish bellow the IPO price.

I'm as far away as you could be for an expert opinion I'd trust on this or any stock but my guess is that the market is discounting the DSO opportunity because the price of lithium is so low. I've mentioned before at these prices I'd guess they would struggle to find an offtake. In which case they have spent a bunch of extra cash such as exploration, studies, assaying the cores twice ETC, on things that are not core focus (or at least weren't originally). So that's a lot of burn for something they don't get an offtake for. It still might come off down the track when the lithium prices improve which I think they will, but that doesn't help the current cash position.

At least the Nickel exploration they are doing is going well but the price chart has only got worse since I last posted it so that can't be helping either.