The SP is down and all the geniuses are back Bobo sold at 11c...

The SP is down and all the geniuses are back Bobo sold at 11c and wants to lecture us with each drop, still lost 100%+ profits. Rockme sold around 2c. Sure he bought back in mid teens and sold at around 30c. So what’s that 100% gains. So what some of us bought sub 1c and have held still 2000% up with a bit of spending money along the way.

It’s not easy staying the course, but no need to lecture others when far from market experts. All this crap about management living it up on our coin is simply BS. DC has turned this thing from 10’s of millions to hundreds of millions MC. He took shares instead of cash when we had no cash and deserves everything he gets. Sure timelines have blown out but he like many of us are in for the long haul.

He has told us that we will be building this year and producing next year. That’s what we have to go on. He has said he doesn’t want to rush the BAM study and that the study along with resource upgrades, binding offtakes etc. are all reliant on each other. Sure we would have liked these quicker but they are coming shortly.

He has timed the raises well, maximising cash balance and minimising dilution.

The idea that the BAM stuff is a waste of time and that we should have only looked at the flake is just ridiculous, does anyone think that the government would have thrown $185 million our way on flake alone. No. Does anyone think we could have raised at 27c if we didn’t have this funding backing. No. Imagine if they didn’t think big and didn’t have access to that cash. Imagine just how much dilution would have occurred. We would be raising in the few cent range and be beholden to potential offtakers.

Having been invested in Lithium for well over ten years I have seen all this many times before. I never expected to get to the finish line without a few games being played here either. Ducks still lined up well. Macro down turns while all this was happening was always a risk. Inflation is hurting, interest rates are hurting. But guess what, we have our funding, that is massive in this environment. Selling of flake was always going to precede PSG. That was always a no brainer.

‘China price games will happen but so will the deficits so they will bounce back. Look at what China did with rare Earths all those years back, put the west decades behind due to not going ahead and funding their own mines in bad times. The west have finally learnt from that and will not allow it to happen again.

We all need to make our own decisions on protecting our wealth and should think about taking a bit off the table at times. Lots from a few years back missed the highs and need to live with their decisions, there are no wrong answers when it comes to this.

im not keen on the ridiculous upramping as much as the down rampers. Sometimes it is best to look away from time to time. Who knows this could be one of those times. Still have confidence we are moving in the right direction.