I'm starting to doubt that Sirmac-Clapier will be the breakthrough we're hoping for. We had strong potential in the caesium space, especially with rights to PWM’s offtake and our own caesium hits at SC. However, PMT has now taken the lead, having already defined a globally significant resource with excellent intercepts and crucially, the capital to bring it into production.
IMHO, selling Adina would be a major misstep. There's no assurance of comparable discoveries elsewhere, and parting with our core asset (at or near market lows) could quickly reduce us to just another speccy junior explorer. While management might benefit from a healthy cash reserve to sustain operations and salaries, I have no interest in holding a lifestyle company if that’s the path they take.
WR1 Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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