After the initial shock of the announcement, and digging deeper into the background of the US Advisory board, I am actually feeling more comfortable, but I would like to see more timetables and milestones of progress.
They are highly credentialed and have been given a mandate, which they have acted upon swiftly: ▪ drive the Company’s strategic business planning; ▪ consider debt capital markets options for accelerating mine expansion; ▪ create a talent management plan and focus on necessary C-suite appointments for US listing; ▪ select and appoint US investment banks for US listing process; ▪ support listing marketing activities including roadshows; and ▪ complete the Company’s US listing
I imagine, those who wanted to see the US Listing sooner, would be disappointed and possibly exit. But having the ex-chairman of Albemarle Lithium on the board speaks volumes, considering the LOI ann with the number 1 producer of SOP in USA just last week . For those that don't know Albermarle is the 2nd biggest Lithium company on the planet.
ABR Price at posting:
$1.75 Sentiment: None Disclosure: Held