Agree. I'm not normally one to ever call a Head Office, however I did call this morning, with Chris calling me back this afternoon, who was very approachable and seems to have his finger on the pulse.
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Below is unrelated to our chat, but whilst I'm in this headspace, just my view of where MLL sits in this current CV climate:
Again, I will reiterate to any nervous nellies who see the price lowering after very small individual transactions (in the big scheme of things):
The MLL fundamentals have not changed - they've just gotten even stronger thanks to the latest drilling ANN.
We still have further drilling results to come, we have Gold, CHICO and DFS announcements due.
14% drops for companies with higher SPs, have so much more ground to make up - yes, percentages are the same, but with such tightly held stock and such a low SP and low liquidity, with good news due over the coming weeks/months (DFS still targeting end of April as per last ANN)...the SP can spring back from this as fast, or I think even faster than it has decreased. The SP has declined due to world pressures, not MLL directly.
We are an Aussie based explorer, not a producer, ie less outgoing costs, with no debt, with all of our licences and permits in order.
We appear to be aligning our business with China - which has already gone through the virus period and business downturn period that Australia is currently experiencing, and they are coming out the other end and getting back towards full productivity and back to work as normal.
We have also recently visited Dubai & Europe - we have the grade, our location is closer to Europe than others plus we still have our ties with China - we are well placed in the upcoming world Lithium market, to align with the return to the EV forecasts the world was already moving towards before this CV speedbump. In any other case, the business effect of this virus also highlights more why European EV companies are also looking outside the box - looking to producers who are not reliant on only China for future supply, where again, we are well placed.
Australia has a smaller and less-dense population compared to the majority of countries. We live on an island with strong bio-security in place at the best of times. With the current strong lockdown, we should be able to knock this CV over faster and earlier than many other countries, so long as every Australian plays their part. The more we knuckle down now, the faster Australia can get back on our feet, which will be the perfect time we (MLL) come out shining.
All IMO.
Now is not the time to lose your nerve. Now is the time to hold tight and ride through this.
Just think of Warren: "Be fearful when others are greedy and be greedy only when others are fearful"
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