CRR 0.00% 0.7¢ critical resources limited

Ann: High Grade Intercepts Extend Mavis Lake Swell Zone, page-35

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  1. 3,418 Posts.
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    The Swell Zone is a substantial change to the resource, we just have to wait for further results and the market to realise. There's no way it continues to contain the same value as before.

    Doing some historical due diligence that I should have done earlier. Looks like CRR has suffered for the past 18 months from a pivot from zinc to lithium. I would suggest this caused a change in the register that has taken some time to wash through. However the long term down trend from the zinc high in Jan 2022 seems to have broken with the discovery of the Swell Zone.
    https://hotcopper.com.au/data/attachments/5525/5525087-ccedbf7e209f6302568f7810eb71de81.jpg
    It's peculiar to see an explorer that has done worse since taking on successful lithium projects but there it is: down since the acquisition.

    Long termers must be feeling pretty frustrated by all this but it looks like it's turning a corner now, despite short term poor lithium sentiment.

    Chart wise, heading up from long term support after trendline breakout, and OBV is putting in higher lows, indicating accumulation.
 
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