Perhaps we need some more perspective....
For the CRML share price to reach low enough in order for the value of European lithiums' shares in CRML to match the current EUR market cap we require the CRML share price to reach:
EUR MC No. CRML Shares CRML SP CRML SP in USD
73,950,000 / 67,788,383 = $1.091 AUD = $0.69 USD
This of course ignores other assets EUR owns like possible Ukraine assets, Irish assets, Aus assets, 7.5% tanbreez.
So when Tony received 24,500,000 USD via private investment at $5.00 per share, it was, quite obviously, a great result.
Share price always goes up and down, especially when there is no news and there is fear in the market.
Personally, happy to hold, I recognise the risks and see the value is well worth it.
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