Leaves a few questions definitely, but could also explain...

Leaves a few questions definitely, but could also explain general caution amongst retail investors speculating in these current times of inflation and higher interest rates.
Most of us have probably taken our positions by now and ‘loaded up’ so to speak. Possibly topping up here and there to likely average down a little or if you have come late or been very patient entered during this recent period of stagnant sideways movement until further news is released. Maybe a few of us grabbed some with the enticement of free oppies attached.

As for instos not taking up this recent offer to the level we assumed they would perhaps they need more validation of what’s actually in the ground and a few more approvals ticked off and confrontation regarding everything else that goes with the progression for XTC to become a profitable producer of Li.

A few pips either way for the instos while they wait for further buy signals to be obtained may not worry them too much and it’s potentially a better play then jumping in a little too early.

We know it won’t all be smooth sailing from here on, but I believe it’s just a game of patience at the moment, reading between the lines with who is taking large positions, digesting company announcements, paying attention to government news releases concerning mining in the region we are wanting to operate in and keeping a close eye on our near neighbours and their operation.

We will surely know more soon and from all expectations it will be positive for the company and shareholders. To what extent, that’s the big question, but there certainly seems a lot of room to move north if we scale this business correctly and prove up a solid resource which by all indications appears likely to be in the ground we own.