1. Because so much of my holding is already gone, it makes little difference at this point. Might as well keep it there as a punt.
2. WR1 is now so deeply undervalued, that I probably would be looking to buy even if I didn't already have a very large holding. However, this is subject to the company proceeding with the Renard option. I won't be setting fire to any more of my coin until Chris grows some balls and pulls the trigger.
3. I'm still confident that lithium will see a recovery later this decade.
4. There's still a minuscule chance that CE could attract a strategic investor (although I think this gets slimmer by the day).
5. Takeover potential. I know there's not much love for lithium at the moment, but WR1's market cap is beyond ridiculous, with all assets valued below zero after cash and the PWM holding is removed. Someone with decent capital behind them may see the asset as almost free if they could takeover WR1 at say a 50% premium to today's share price.
6. Seeing it in my portfolio serves as a constant reminder of what not to do in the future.
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