That's very true. The lithium price was weak 12 months ago when the Renard option surfaced publicly so it hasn't exactly declined out of the blue since. I think we all agree that some boldness should have been shown in February and the initial $1M paid. We'd still have needed a CR soon after, unless some shares in PWM were sold, but it probably wouldn't have been as destructive. All along it's been the CRs that have helped tank the SP. They are a necessary evil of course, but I always get the impression that management don't seem to realise that fact. Obviously the 'sophisticated investors' that take part don't either because they keep losing money in them. It also hasn't been helped by Chris generally implying that funding was adequate for a longer period of time before the next CR, then springing one anyway. Like you I think it's worth hanging onto my remaining shares to see what happens over the coming months. I also think we may get a little more for them then, provided some sort of deal can be done.
WR1 Price at posting:
19.0¢ Sentiment: None Disclosure: Held
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