Well, thats a bit sht overnight, sorry for all the people here (me included) who are sitting on a significant loss. So lets recap realistically on what we have and if this price is a buying point or "walk away"
Postiives
- We are near cash value. We have a fair amount of cash.
- There is a lot of director/owner cash in the shares. the leadership are also impacted and will be working to fix this.
- We are sitting on an unrealised salable asset at Halls Creek
- Namibia has some strong chances BUT (see negatives)
- Carb lake may turn around by next year in the drilling season, very tiny chance for this year.
Negatives
- Ashburton is too big to go alone, will need a JV
- Cash is being spent, we dont know how much Canada just cost or what we get back. Park that for a sec.
- Sundown is a duster
- Lithium is in the toilet (namibia took ages to get approvals to drill, but is it worth drilling now that Lithium is tanked/how long)
- Halls creek is tied up with AKN (and all the other JV's are tied up.
Signals/next "anything"
- A director to buy in and average down.
- A meeting with the First Nations people in Ontario
- Sale of Halls Creek
- Buy in of another asset that is more likely to have a near term impact and isnt in a sovereign risk area
- Christmas
Anything ive missed? Im underwater like you all, and averaged down hard this week but it's still a down.
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