don't need to downramp with this stock champ- anyone with even half a brain, which excludes most of the people in this thread can see this puppy is going lower unless lithium prices rebound immediately. Sustained long term low prices actually bring into question the whole investment case which is why the stock has lost 65% plus since they jawboned the instos into parting with $100m.
Put $8m per annum of "Corporate overheads" into the equation and you can see why the share price is dropping like a stone.
Yes whole sector looks like shite but unless management cuts all costs back to bare bones and puts ALL the money into the drilling campaign its going lower IMO.
WC8 Price at posting:
26.3¢ Sentiment: Sell Disclosure: Not Held
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