For the moment the picture doesn't look at all promising. Yes, the Adina asset is good, but only if the Lithium price rebounds strongly. Renard looks likely to be foregone unless someone buys us out. The one positive thing I hope they're already doing is to get some action underway at Sirmac-Clapier. Post some outstanding caesium assays from there and punters will come back, regardless of whether Adina is just sitting idle. Then if someone else buys the Renard plant there's a fair chance we might be able to sell them Adina, and if not we might be able to buy it even cheaper in a year or two. So my method is to think realistically negative about Renard in the short term and positively about Sirmac-Clapier.
WR1 Price at posting:
16.5¢ Sentiment: None Disclosure: Held
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