This is a period, where sanity gaps has stretched the opportunity window. Where the sp, is dictated by despondent winds of apathy, divorced from the equation of greed.
Greed is good. It is what drives appetite. It is smothered at present by a bear sector, and a bear spec market as well, except for some gold or antimony appetite, and those who have forgotten the breeze in their hairs at the top of a summers day.
Yet, as the faithful know, we have achieved much. Much more than the many who only dreamed. Our success came when the market was throwing money at us to drill, and drill we did, and discovery we made.
Our three bets remain in place, and whether the sp is flipped as a leaf in the wind today or tomorrow, does not change what may be a hurricane to come.
Strategic + Renard. (what is the market confidence to a big brother on board and presumably cash buy in stake) Counter cyclical corporate predator. Lithium 3.0 that will attract the max buoyancy to the proven assets first, before it even considers the juniors again.
What will the market do with a rising spring ? Still remembering the winter ? Bets on the corporate appeal of the advanced assets.
If you think of the journey of many would be developer. Discovery risk is behind us. Moderated approvals / finance risk is in front of us.
In so much better space, than many. Our MC, represents an entry window to multiples if bets come home to roost.
WR1 Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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