Spot on. A month or so ago, this stock had a market cap of...

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curlednoodles

1,386 Posts.

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24/01/24

16:17

Post #: 72047143
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Originally posted by Hamondo: ↑

Hey don't get me wrong, the company is "possibly" a significant resource and is a good long term hold in the event that all the other lithium players don't saturate the market before it gets up and running. But the fact is that this company is not going to produce anything for maybe 3-10 years, 3 years being incredibly unlikely..

No PFS, No DFS, No BFS, No resource definition, No drilling results, declining product value, It has nothing yet needed to go from a rock in the ground to an actual producer.

So many people bought in on the hype, WC8 was a 3c company looking for gold, that bought a parcel of land. No experience in the sector, just bought the land. and it went up over 70c on hype and mania.

If this does not go back down to under 10c in the next year, id be very surprised, your happy to tag me in this post next January if you like and ill give you credit and admit I was wrong, but at the end of the day MKT cap or SP right now is nothing compared to what the true value of the company is in its current position.

If I was to recommend an Australian lithium producer that will produce and is nearing completion of a years long build up, id probably say ASN.

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Spot on. A month or so ago, this stock had a market cap of almost a billion dollars without a defined resource. Let that sink in. Take your profits while you can imo.

WC8 Price at posting: 41.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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