I agree @Brumbie, whilst I have found myself second guessing my current position over the past few days but I, like you, have little evidence to challenge management at this stage. They have done a good job getting the company to this point, and I for one choose to put faith in the human being....they have not given me a reason not to. I have also been considering whether to buy more with the recent selling, but I am going to wait. I am in this one deep enough as it is, and I will do well if the SP ever starts going up, so I am happy to sit back and will consider options if they do a cap raise.
I agree with @wenty In that I think our excess product will be spoken for in the next few months - there is too much of a future for lithium for it not to be absorbed, and we are currently only talking reserves...there is plenty more to come, just takes a bit of patience. If a company is not committing because they want more than we can currently prove we have, to me, it would seem like a safe bet to secure the potential for future supply rather than wait for it to be proved up and risk having someone else jump in. For this reason, i think that finance will come - its just a case of hold tight and wait, I’m well practiced at that by now anyway.
CXO Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
