Oh boy, you're getting more and more delusional ... I don't even know where to start ....
Let me try a few things.
> What you fail to comprehend is that without presenting any clear and reasonable analysis on WHY you think that, it is just a hollow opinion
I can’t believe you actually need someone to spell out management’s failures for you. They’ve driven this company into the ground with reckless decisions, from shady investments to launching a massive construction project without securing funding. What more analysis do you need to see how incompetent that is?
> the simplistic narrative of “management is crap”, “the team must be hiding”, “they must do nothing but sit around playing uno”, “where’s my daily update”
Again, the proof is in the pudding - what more do you need? Or is this just a pathetic attempt to deflect from the facts?
After realizing they were failing to keep the market properly informed, management promised more regular communication - and at first, they followed through with frequent investor webinars and regular announcements.
Now, all of that has completely disappeared, which can only be seen as a deliberate attempt to avoid communication and accountability.
What other analysis do you need?
> You’re at the wrong table if you don’t understand that “simple” things like permitting can take months or years, funding deals can take months or years, offtakes can take months or years…. Sigh. What you fail to understand is that Communication 101 teaches that while it’s important to communicate when things are happening, it’s even more crucial to communicate when they aren’t. This management team has consistently missed deadlines, and their lack of communication only highlights the disdain they have for retail investors.
> You’re just talking your book, while ol’ mate rendog is beside himself that his capital has halved while his patience withers away. There’s a lot to be said for being prepared for the risks you take…. and imo there seems to be a few here who are out of their depth.
Thanks, I’ve already disclosed the way I gradually exited this stock (oh I remember being insulted for wanting to protect my capital when I sold as it was approaching $1). I’m sitting on preserved cash, not heavy losses.Most holders are deep in the red because of people like you - the ones who sugarcoat everything and make excuses for management’s blatantly poor decisions.
> Do yourself a favour and read up on the asx disclosure requirements, taking careful note of the various exceptions. …and if you’re really so concerned about not receiving an update when YOU expect to receive it, why not contact the company and enquire directly as to why YOUR expectations haven’t been met. At least that has some remote possibility of being constructive, as opposed to the continual criticism and venting on an anonymous forum.
Blah, blah, blah .... irrelevant gibberish. I already answered in the two paragraphs above. The proof is in the pudding.
> We get it, you’re impatiently waiting for a trigger so you can flip some pips. Tough.
I’ve never hidden the fact that I might consider getting back in if certain conditions are met. That doesn’t mean I have to admire management or ignore their incompetence.
> Ppppps. What’s the potential upside should the company ultimately move through several stages of expansion…? Why no detail of the risk v reward? Too difficult to provide a meaningful analysis isn’t it?
Should, should, should... What you’re failing to understand through your rose-colored glasses, is that right now, the risk of a capital raise at 7c is far higher than the alternative.
Potential upside? Sure, it’s there and could be massive. But does that mean now is the right time to buy? With this management’s terrible track record, the macro environment around lithium, and the state of the world? Hell no.I’m perfectly fine missing out on the next so-called 30% profit (in case a miracle happens and everything gets sorted in one night) until the downside risk isn’t so much higher than the potential upside.
But hey, go ahead - keep averaging down again before losing another 30%.I’m just not that kind of loser.
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