The only reason they were called "genius" is becuase lithium price plummeted through the floor. According to everyone back then the $2 raise shoild have kept the price above 2 dollars. The $1.20 raise should have kept it at 1.20. Each time the shareholders were diluted, The shareholders were told raises weren't needed, shareholders got zero dollar return- and the options to acquire were only offered to instos.
as far as im concerned each raise has put money in the coffers, paid CE and co high end wages, and delivered ZERO value to existing holders unless planning on holding for another 5 years. of course drilling to define the resource needs to be done but again 5 years you might see a return.
you think you guys are being looked after? The mre upgrade was just enough to get perfomamce rights. What does the shareholder gain? A map to production with no timeline? A 40% retrace from 1.40 that rose off the back of the lithium price rather than anything the company had done.
this upgrade was a farce. Period. market reflects that.
it may bounce off 94c or 1.02 back roght to 1.40 and this may have all been a rouse to get the retail to dump and let big pockets acquire again. Well see. Tomorrow will be the third day and thats normally when a stock pops if it's heavily manipulated after a positive announcement.
WR1 Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
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