Spot on. On 6th Feb we were at 49.25c, and today we reached 26.5c for an overall drop >46% in less than 5 weeks. The only company riding shotgun with us is MinRes, who are down 43% over that same timeframe. But like us, they are being hammered for very good reasons, namely their crazy debt levels, Chris Ellison tax and misappropriation debacles, Onslow road issues, perceived impact to iron ore from steel tariffs, and the China downturn. All other lithium plays are down just 10-20% over the same time period.
Anyone who thinks that WR1's recent steep fall is just normal macro movement due to the lithium downturn is kidding themselves and simply making excuses. We are being smacked for company level failures, just like MinRes.
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