The following MinRes chart further demonstrates that the lithium sector is turning … and if Chris Ellison isn’t lying on a beach at Saint Jean Cap Ferrat, he will surely be getting back on his bike soon.
Chris really needs to muscle up and make another move on Wildcat.
How can you justify to your shareholders that Wildcat was good value at 80cents before all that drilling, but they are now over priced at 30 cents?? (you can’t, regardless of commodity pricing)
Gina may also chase through above 5% … if Chris simply isn’t able to invest anymore money on lithium opportunities.
anyway that I look at it …. Wildcat is exposed to a new corporate mover now.
Wesfarmers have spent $2.6 billion on lithium, and they aren’t making a cracker from the bet … (that’s very embarrassing) Time for them to also average down, so I can’t discount them not having a look at Wildcat because of Mining Licence, proximity to port, resource size and potential.
WC8 Price at posting:
30.3¢ Sentiment: Buy Disclosure: Held
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