GS thinks they will need a CR - Macquarie are not so sure - Macquarie mentions strong business partners, could be reference to potential funding options if required, maybe AusGov- if not they seem to have plenty of funds atm and on the way - Drill results could provide a spark - i would think they would be hesitant to do another CR considering the discount of the last. Another CR isnt the death nail some think it would be as the shorts would just close position!! they have 200 million shares x .35c = $70,000,000 on call whenever they need it lol. They are probably getting pestered for a CR. Tell them to stick it!!
Anyways the game is now clear - the powers that be hold the price very tightly and only material announcements will change this - and or Lithium price turn around. Some of the larger Battery ETFs are showing small signs of recovery.
I haven't taken a position here when everyone is carrying on about how awesome the company is, and rocket ships to the moon etc, - most here understand buying here could provide great returns when sentiment / price / increased production becomes a relativity. How many times has oil, gold copper, lithium had 6 to 12 month runs down and then up again!!
if you want to hate on the company now when things are tougher and SP lower - were you a cheer leader here at $1.60? its the same logic.....
I wasn't here at $1.60 - i joined at 40c as i see some future value.
My timeframe is 12 months to see some green shoots.
We wait...........
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