I was watching a junior mining company CEO being interviewed and...

I was watching a junior mining company CEO being interviewed and he began with this little anecdote ... might be BS - I don't know - but I thought it was perceptive. He viewed his job as CEO to his experience from the boxing ring.... go figure

“Lessons from the Ring” – a junior mining company CEO.

You wouldn't think it to look at me, but as a young man I likened myself to being a tough guy and I wanted to prove myself. So, I entered into a number of these “tough guy” competitions where amateurs would get into the ring and beat the hell out of each other and there are a lot of lessons I learned from that - which I think are really applicable actually to being a junior mining CEO
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I was a young man - we all know young men aren't that smart - and I remember walking into the change room and it was full of grown men - tough grown men - and one guy caught my eye. He had tattoos all over, he had a goatee, he was shredded, and he looked terrifying - and all I could think of was, oh my goodness I hope I don't have to fight that guy! Several moments go by, my name is called, it's time to get into the ring - and this is a big stadium - and as I'm making my way out to the ring, lo and behold who was across from me, it was that guy. I was so scared, but I did my best to stay calm and they call you to the center - and this was my first kind of real fight but I knew one thing from watching lots of boxing movies you never break eye contact - so I was staring into his eyes and eventually he looked away. And I thought, that's pretty interesting. So, back to your corner, come out, touch gloves, start swinging. I'm punching this guy, he seems somewhat defenceless, I just seem to be able to pick him apart at will and ultimately the Ref just had to stop it and end the fight.

There are a lot of good lessons from that, but I think the first one is, you got to have confidence. We're basically in the ring every day approaching investors, and if you don't have confidence - you need that to inspire self-confidence - in yourself and others around you, investors, the people that you work with. Another important one is stay calm, keep breathing. If you can't stay calm, you're going to “gas out” or you're going to make a mistake - that's the same in business as well - you just got to make sure that you don't, even when you're up against it. Step back, take the time to think about what might be the best course of action. Another one is, if your strategy isn't working, don't be afraid to change it - don't be prideful - sometimes that's what's required, even though you think that was the best course of action, sometimes it isn't - don't be afraid to change mid-stream. The other one is keep moving - never stand still - and lastly if all those things don't work, if you get knocked down, you got to get back, you got to keep fighting, get back into the ring.

Well Iets see:
PL - OK maybe we need to work on the confidence aspect - Chris Ellison he is not (ooh bad example CE maybe got a little over confident and look what has happened). Thats a tough one

PL - Staying calm - check (IMO). Thailand has turned to shite - but not because of PL/PAM. That was a risked bet on Asia, Thailand in particular, for a closed loop lithium supply chain. I'm saying PL has "has seen the light" an diversified to another geographic location - being Chile and Tama Atacama Lithium Projects - on the assumption that the lithium market isn't broken and will recover. The lithium market is broken short term, the majors say so, and acquisitions have been made at through (best example is RIO taking out Arcadium).

PL - Changing strategy - big check (IMO). Recognizing the limits of Lithium junior space, diversify towards the metal that is a part of pretty much everything to do with electification - Copper - with acquisition of Rosario Copper project. The terms of that acquisition (i.e. the Option Agreement) are not onerous and provide the opportunity to make a discovery ... still need capital though for drilling ... and only capital available is via equity placement (dilutive) ... that's reality

PL - Keep moving - even bigger check (IMO) - so the problem is get equity, getting market attention. So PL has indentified one of the few things easily converted in cash - gold. The mystery acquisition of the "proposed transaction regarding the acquisition of an advanced exploration project in the prolific Maricunga Gold Belt, Chile."And I keep coming back to, what is an advanced exploration project - because if it has a MRE then that is easily valued in-situ and if the market is going to value it that way, the thought process must be it give the stock price a re-rate and a better price to raise capital from - I think/hope/etc...

There aren't many (any?) cards left to play in the RKLP. Get a new deck and play a difference game. If this pivot doesn't "save the company" then yeah, I would think it's done. But IMO it aint over and the ASX needs to get out of the way.