The market was punishing them anyway because they were a lithium junior.
It really cant get any worse at shell level. Who is selling now ? those who were waiting for a rebound in the lithium sector ? They werent going to be able to attract any buyers with a single bit of exploration dollar spent on lithium, unless it was a drill in the eye of a deposit. Thats the reality.
I dont get the mindset of the shell seller. Because it is now a wild card scenario. They are prudent with cash burn, and could surprise with acquisition that provides new blood into the patient.
Add to My Watchlist
What is My Watchlist?
