Agree with you @Dabble010 from a high in the mid 80 cents or even may have hit 90 this sunk like a lead balloon.
The share price had been sold down to below 10cents.
Work out the percentage drop from highs and this current SP is still pathetic.
I'm hoping this steadily climbs into the mid 20's to mid 30's before approvals so the SP can re-rate to the 40's or even 50's on approval.
The reality is that there will need to be a CR of significant size to get this project to construction, the only alternative is someone swoops in upon approvals and pays for the years of effort drilling and producing a DFS.
I am hoping that recent price action could be a corner stone investor building a position prior to approvals, picking up as many cheapies as possible.
ELT Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
