Until the company start delivering results, we are all sitting...

Until the company start delivering results, we are all sitting at the gambling table. The risk/ reward ration here is very high, and we can have many multiples of our money in a couple of years, but we can also lose it. I personally believe that things will be good but no doubt this CR has made the short term a bit more bumpy. Remember, many mining companies have been facing delays of many sorts so I’m not overly concerned about that, but only up to a point of course. I’m still patient for now.

I remember CNB a couple of years ago, had delays of almost up to a year and the Sp got hammered with extreme negativity on Hc. Positive posters got crucified and even withdrew from Hc completely because of the attacks, but all came very good in the end. In the end, what matters is what’s in the ground, but yes, management also need to do their part and not create the impression that they are milking investors. It’s still early days and we need the funds to proceed so I’m happy with the CR even though it sucks a bit. Lol

This talk about the litium supply meeting demand in the next year or 2 is rubbish. There is a guaranteed shortage until earliest 2028 and probably 2030 by when prices will stabilize. Lithium prices dropping, maybe a bit, but not by much. People always need new cars and buying a new ICE vehicle now makes zero sense. Not to talk about industrial battery use and grid power storage that is just starting to take off now. We are very far behind the rest of the world in regards to all of this so it’s sometimes hard for us to fathom the magnitude of this change. Also hard for us to really understand the effects of global warming that’s already showing. Somehow we seem to have our head in the sand a bit with this, mostly thanks to Rupert Murdoch and people like Gina Reinhardt with obvious agendas. Back to the point.

Overall we are in a sweet spot and all this negative talk is rather unnecessary. Yes we have hurdles to
overcome and the next 6-8 weeks can be frustrating (unless we have a nice Ann in between…) but if we didn’t have any faith in XTC management then why did we buy the shares in the first place? The question for me now is do I buy on market for 0.5c (order already halfway up the ladder) or use that $ and participate in the SPP? Anyone else in the same boat? Good luck to everyone. Let’s keep our chins up