When are we expecting a resource upgrade?I know no one has a...

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Shiningstar

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09/11/21

19:59

Post #: 57439589
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Originally posted by Kiwisfly9: ↑

To put it extremely bluntly, I don't think its the spod price that's holding us back by any measure. If anything it only reinforces the fact that our actual value and current SP are clearly wildly divergent and likely for good reason.

Yes it can be argued that maybe we're not so well known therefore we haven't seen the same success as other producing counterparts in the markets recently because we simply aren't producing yet. Equally, one could argue that our small resource size is why some probably have taken a miss on us and gone with perhaps what they feel are "surer" bets.

But you simply cannot deny the massive possible upshot here and it really is massive. The Fair value rating by Morning Star alone at 91 cents, never mind how much it will be once actually producing or how much it will be after we've had a few mining upgrades before were even producing should be enough for most people to realise that even a modest investment now is likely to give massive rewards in the next year.

There is simply no way that our current SP is going to be anywhere near what it is this time next year, even factoring in a very mild increase in reserves and resources and each time that Spodumene price climbs a little higher, we only see many millions of dollars more added to our bottom line each year were in production.

But there is no denying that there is clearly a glut of shares which are very front loaded atm which are handicapping the natural share price growth and I'm not by any measure convinced they are just ordinary retailers wanting an exit off the last pump to 67 cents.

Equally, I suspect once we finally do get our drilling announcement that the SP is likely to see some explosive growth as the market seems to really be hankering for a signal to overcome that glut and once we're beyond the sellers wall, the SP will finally start reflecting the reality of where our real SP should be right now.

But the daily price climbs in the Spod just aren't enough for thousands of new retailers to likely realise the opportunity that's being unlocked and until we see a rush of cash, whoever is holding it down is going to continue to get their way.

It's just a shame they insist on holding us all back in the process but that's what Greed is about I guess.

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When are we expecting a resource upgrade?

I know no one has a crystal ball, though any one willing to guess as to how far of we should be on some drill results??

Thanks

CXO Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
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Last 8.9¢		Change 0.001(1.14%)		Mkt cap ! $194.4M

Open	High	Low	Value	Volume
8.8¢	9.2¢	8.8¢	$712.0K	7.919M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
21	564001	0.089
26	1220325	0.088
19	918098	0.087
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54	2315991	0.085

Price($)	Vol.	No.
0.091	1782654	21
0.092	1568238	11
0.093	383024	7
0.094	132632	3
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When are we expecting a resource upgrade?I know no one has a...

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