Ann: Update on Cesium Assets, page-84

gives them the ability to say, lets do this together. Or we can abandon the stranded Renard.
If they were already committed to Renard, then they are under time pressure on c&m cash burns.

Pity the interview cut away from CE reply when was put to him, that WR1 is valued at zero with net effect of cash and value of PWM.

I dont sell stocks at zero valuation, with credible assets, and credible pathways to bring in strategics and their cash chests. IMO That is the time to HOLD, wager that strategic manifests. Otherwise, betting lithium 3.0 rising tide, with zero exploration risk, as MRE in hand. We could always sell PWM, and cash up. Feed that into exploration with a rising lithium 3.0 tide, whenever that is.

There are plenty of other ASX stocks who still have exploration risk. And dilution from attempting it.
That is a hurdle we have jumped successfully. So when i look at stocks at EV zero, the ones with advanced discoveries, vs the ones with exploration risk. Its a relative no brainer from a betting POV and patience game.
What are the buyers who accumulate the zero EV position taking bets on ?

I dont know what EV lows LTR reached in lithium 1.0 cycle. But the chart will be filled with price points of capitulation as well.