Possum said:
"Why current shareholders would be selling their shares at these prices is a question that I cannot answer. But if you want the share price to rise , if you want the chances of getting funding quicker, if you want this company to become a major player in the battery mineral space { because we have all the ingredients to be just that } that can only be achieved by one action . Trevor has accumulated a good asset mix, he has laid the foundations for which to build on . But he cannot stop shareholders from selling their stock. That is their choice."
Possum,
You are certainly not alone in being unable to answer a question that should not exist in the first place. I definitely have no idea and our CEO doesn't either. I watched his zoom meeting from yesterday again this morning and he was totally flummoxed as to why shareholders continue to sell down to these levels. Again, especially given our assets in comparison to our peers. He was shaking his head a number of times and expressed hope that the share price response to what I believe is yet another huge advance by Trevor and team would be a positive one. Doesn't look like he got his wish. Unfortunately so many retail shareholders (not all obviously) continue to display, and I hate to be disparaging, total ignorance of the company and its assets that they have invested in let alone the world changing technology and value of this emerging industry. You brought up the subject of intrinsic value a few weeks back. I live in hope that one day it will be realised.
This headline was in an article issued by CNBC this morning from Morgan Stanley:
Morgan Stanley says batteries are the "new oil." The firm estimates that the total addressable market for EV batteries will hit $525 billion by 2040, amid a sharp jump in EV sales driven by technological advancements and supportive policies. ESG factors will also boost sales.
There are many such news articles and sure, it's a way off yet but regardless, these figures are big U.S. dollars but providing we as shareholders support the company and management that we invested in the first place and don't continually sell our own company down the sh*tter, we will be one of the biggest suppliers in the world of the material that compromises the greatest portion of a LIB with prices on the rise and now, in time to come, we may even be supplying some of the material that comes in at second. A large part of when this becomes reality will be determined by ourselves. It's a no brainer really.
Beer time now. A safe weekend to all.
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