Please read my note again Nico
I'm not talking about MRE … I’m talking about a target resource statement as Azure and Spartan have done
share prices will slide on a lack of material news flow.
today we receive a positive announcement on a new lithium occurence, and the price slides … why?
the market is actually waiting for resource target statement, metallurgy and/or some corporate action.
drill results confirming the presence of more lithium in this area means little from here … unless it is put into some commercial context
I don’t think there are issues, I just think WC8 could deal with this differently (I.e. sighter metallurgy and ‘target resource statement)
FiRB is now being slow approving SQM takeover of Azure … so nothing is going to happen on that corporate front with SQM/WC8 for a while .. imho
Ann: NEW DISCOVERY AT TABBA TABBA - LUKE PEGMATITE 41M @ 1% Li20, page-56
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $368.0M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 29.5¢ | $642.8K | 2.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 127110 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 398969 | 6 |
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| WC8 (ASX) Chart |