It was mentioned in the AGM report that Delta would potentially look at trading their gold for tier 1 land.
Now in general, If you look at lithium across the board, you will see that basically all lithium explorers and producers stock prices are down between roughly 30-60%, some more, some less. SC6 prices are well down off their highs as well. We also know that the mining sector is cyclical. So it makes sense that lithium companies are down in correlation with the lithium price.
Everyone loves to point the finger and have someone/something to blame eg; shorters, CE, Gina etc, but objectively speaking, the lithium market is currently in a down cycle and stock prices will always follow. CE, Gina, Waratah and Idemitsu are all currently down as well on their investments.
I don’t know where CE will take this company or if he will attempt to take it over etc, no one knows, it’s all speculation until it happens. But if we all lose here, so will all the other big players invested besides CE.
Try not to let your emotions get the better of you, and try not to make irrational decisions. Would it be worthwhile waiting out this lithium bear market and see where we end up on the other side? Do prices run up again? Do we do more CR’s? do we get taken over? No one knows, everyone who is stating that they know what is going to happen with such conviction, doesn’t actually know at this stage. Keep that in mind.
if it gets back to $1 is everyone going to be praising CE? We’ll see what happens. Trade on what you know and weigh up the risks, rewards and potentials. Try to leave the uninformed statements at the door, they can be dangerous to others.
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