i called it around May that a close under mid 50’s was going to indicate a pullback … so no point commenting on a train wreck!
Lithium prices a major contributor to setback, but I think the news flow from the company could also have been better.
i would have liked earlier sighter results on metallurgy and an initial ‘resource target’ whilst lithium prices higher. The lower the lithium prices slides, l assume the higher the cut off grade that would be required to present a credible picture.
anyway, that is now history …
- metallurgy now looks great - AJ is certainly the man to take this forward - resource picture looks large (enough to be commercial) - close to port, on Mining Licence, nearby infrastructure - lithium prices very oversold to a point where few can make money - big companies like RIO/WES still want to play in the sector
I personally think a Wildcat share purchased under 30 cents may be going to look pretty smart in 6 months time
WC8 Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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