What a timing, just when the share price started to make a serious headway. We have been served with this news. It should create a good market condition for swing traders.
Someone who has more than half of the capital invested in Lithium and Cobalt. It is welcome news but as many have pointed out how did they get to $30 Million valuation. WGX have very little information about their Lithium assets. There has been no announcement anything related to Lithium that I could find.
Only reference I am able to find is in Canaccord report from last February 2017. The valuation at that time was $20 Million. We are yet to find out how they arrived to this figure.
It will be interesting trade tomorrow. There are plenty who have not liked this news at all even though it is conditional at this stage. At the same time TON should attract new Lithium bulls.
