I can't see how selling the lithium for $20M will increase the share price. But anyway, I think its valued more than that and even these idiots wouldn't accept that low of an offer. But I also don't think you will see any value from the sale unless its say > $100M. I think $100M or so would be fair even. But I think following these guys into another venture, especially graphite, is then also crazy. If RNU can't make it, funneling money from a Solaroz sale to the graphite is just stupid and benefits no one but those collecting a salary.
Best option is to wrap it up and distribute the sale as a dividend like PSC did. But I will bet anyone $10k right now that won't happen. I don't see a way this succeeds with these guys running things. Happy to be wrong.
Ann: Quarterly Activities and Cash Flow Reports - 31 Dec 2023, page-17
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