I can't see how this is a safe play though mate. We're 10 months into this now, and Renard is an all or nothing move at this point. Let's say things don't improve in the lithium market within the next six months; what happens then? WR1 would already have poured $A10-20m into this plan with the extensions, due diligence, media visits, etc. If CE pulls the pin on Renard, this company is done (IMO).
In the meantime, I think Sirmac-Clapier is a distraction that's unlikely to do anything for the share price with the Renard uncertainty hanging over our heads. If they're going to use funds to keep drilling, what happened to drilling out the SW zone after that one big hit they had there? Crickets so far.....
I get that cesium is showing more promise at the moment, but this company already has exposure through PWM. I don't want to see a last minute pivot into another commodity, otherwise we might as well just go and chase gold or antimony with all the other shitcos. IMO, CE just needs to show some conviction and just get on with it.
Disclaimer - If I'm wrong and there's a good explanation for this, I will humbly beg forgiveness. But for now, it doesn't look good.
WR1 Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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