To be fair - he gave it a solid crack and in a hot battery minerals market this SPAC-merger-onto-the-NASDAQ move likely would have paid off handsomely, but in the current market no one is interested in these investment banking gymnastics which have very little to do with actual progress towards producing lithium chemicals.
Compare that with other peers like say Winsome resources - who this week announced they have secured an option to buy a neighboring diamond mine complete with brand spanking new plant including DMS and crushers etc which recently had $900m of capex, for only $52m. That's the kind of deals the market wants to see right now - not spending $100m or so just to move exchanges.
The BMW and saudi deals are good - but at the moment they are just that - boardroom deals with basically no tangible progress other than handshakes and contracts. If someone doesn't pull their finger out with actual progress at Wolfsberg towards mining spodumene then no one will be getting any spodumene or hydroxide any time soon.
Anyways its all good, Carbondriver will keep the company afloat with all the out of the money options they are exercising this month. Can't wait to see that.
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