Yeah its been a rough few years holding this bag. tbh Im...

Yeah its been a rough few years holding this bag. tbh Im thinking of buying more though, the risk/reward ratio seems to be stacking in our favour.
Pros
1) https://www.marketindex.com.au/asx/psc | Checking out the director transactions, the guys have put a fair chunk of their own cash into psc
2) U1 deal potential
3) Sibelco potential
3) https://thedriven.io/2020/05/15/tesla-battery-day-update-flags-launch-of-million-mile-battery-in-china-first/ | Million mile battery upcoming news, driving investors back to lithium
4) Removal of sanction for Zimbabwe banks | https://www.voanews.com/africa/zimbabwe-welcomes-removal-its-banks-us-sanctions-list
5) France pushing EV adoption with 8B Euro | https://thedriven.io/2020/05/27/france-puts-evs-at-centre-of-13-2bn-plan-to-restart-auto-industry/ & additionally this seems to be a common theme across most gov stim packages is to target EV's. (check out UK, Germany)
6) Australia and India relations for rare minerals | https://unauthorised investment advice/resources/australia-india-reach-critical-minerals-and-research-agreements/
7) Low yields across the world are forcing risker investments
8) Since we are not in production and with pay cuts, running costs are extremely low comparatively. With current spot prices so low, I consider this the silver lining.
9) Dual exchange listing, helps suck up volume.

Cons
1) Current Lithium spot price, will not help will negotiations
2) Managements performance with insane pay packages
3) Many holders are ready to dump at the sign of recovery
4) Zimbabwe is still a volatile country
5) Still 18months till production, from my understanding, I always expect delays haha.
6) Company still has leftover shares it can issue at $0.05 that don't expire for another ~2months

It's no certainty, but I like the odds at the moment for the current val and the potential price if this takes, not to say i'm not salty about the past but I like to think I don't trade angrily haha and focus more on whats happening now.

Goodluck