I can see retail moving funds out of EUR into other Lithium plays that are having a good run. LLL for example has had a very good run recently.
I wish EUR had similar momentum.. While CRML aims to be a producer, EUR is an exploration company and focus should always be on exploration activities. I feel a lot of time has been wasted and an opportunity missed.
We need to find projects with big potential (like the Ukraine ones) and start proving up resources to the tune of 1Mt LCE or more. That should be the aim now. We can’t just be doing NASDAQ listing works.
This is why I believe selling a portion of the EUR shareholding of CRML is vital! No point buying tiny resources for a million bucks.. should rather be looking at those with massive potential like the one Patriot Metals bought for close to $16Mn a couple of years ago.. that company is now worth $2Bn.
EUR Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
