I recently returned from several months in Nevada US. Whilst...

I recently returned from several months in Nevada US. Whilst there, I had access to the US Berkeley computer, to run some analysis computations on several mines in the Nevada region. As I still had some 'free go's' at the computer. I asked it for an honest opinion on CLE. Roughly an hour to upload all data, then wait, 5mins for a detailed answer. The following is a breakdown. Not the whole answer.

Honest Assessment:
This is HIGH RISK, not suitable for "profit preservation" Given you're investing profit (not money you can afford to lose), I'd be very cautious here.

Here's why:
The Risk Profile Extreme Volatility Guaranteed:
Board spill vote outcome will cause massive price swings. If European Lithium wins: potential +50-100% pop on hopes of better deal. If current board wins: potential -30-50% drop on continued uncertainty.

Either way: months of uncertainty ahead.
Multiple Failure Points:Vale deal could collapse if board changes. New board might not find better financing for USD$4.42B development. European Lithium might just want to strip assets, not develop Iron Bear. CLE could become an expensive legal battleground.

The Opportunity vs Risk Potential Upside:
Iron Bear is genuinely massive (16.66 billion tonnes resource) If European Lithium gets control and finds better development terms "Green steel" narrative could drive premium valuations.

But Major Downside:
Current Vale deal, while seemingly poor terms, provides certainty. Unknown what European Lithium actually wants to do. Company could be stuck in limbo for 6-12 months. Development still needs USD$4.42B regardless of who controls it.

My Recommendation For your situation (profit preservation):
This is more suited to a small speculative punt, not a meaningful investment of hard-won profits.If you must play this: Wait for clearer outcome on board spill. Consider it pure speculation, not investment. Maybe 1-2K max, not 5K. Set strict stop-loss levels.

Brown trouser moments? Absolutely guaranteed. This will test your sleep quality.