Exactly my concern nextbig - investors and traders are running the show and that's not good enough and that's not sustainable! Management must step up and show some fire in the belly! What do they intend to do with Wonarah and when?
Let me explain something. I'm currently invested in 2 lithium company's both of which are doing extremely well. Sure, some of that has to do with the battery boom BUT the main reason they have run hard and will IMO continue to run hard is because their managements are proactive. They are building processing facilities, signing off-take agreements, and making acquisitions. Most importantly, they will be selling their lithium in 2022 and 2023. All of these things excite the market and give investors a reason to want to continue investing.
Now this management, whose track record is appalling, release a quarterly that puts Wonarah at the bottom of their report, rattles off a list of things other companies are doing in the EV business and then says we are 'monitoring and 'considering' things. Bloody Hell, how about DOING something or at the very least outline a plan for what you intend to do. In the meantime they're throwing cash at gold which is not going to give any real value in this current climate.
I hope management prove me wrong and, as I've said before, release something the market can get its teeth into. I truely want AEV to succeed but in order to do so they MUST get behind their excellent Wonarah phosphate project. This cannot be a secondary consideration for the company. I'm here because I'm interested in AEV's phosphate resource, its the management who I'm unsure of.
GLTAH
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