Hey pogues, I get the frustration but its pretty clear. Bad...

Hey pogues, I get the frustration but its pretty clear. Bad Macro (especially in small cap pre production) x the Nickle chart x the Lithium chart.




Now I know there is an enormous amount of Nuance I have left out of that equation but that is a driving factor of about 85% of it in my opinion.

I'm actually starting to be somewhat worried that we might fail to get an Offtake for the DSO. 12 months ago no worries. Im not sure if you follow or a holder of LTR ( full disclosure I am) but they recently decided to cancel the sale of their DSO product for the moment as they didnt find the Price to their liking and decided to keep it and try and wait for the market to pick back up again. They Have a vast stockpile already out of the ground. It would literally just have to be loaded onto a truck and its done. Its a slightly different scenario where they needed to move the dirt the DSO was contained in anyway to start the box cut for their underground mine anyway but in the current market they decided they wouldn't sell it for now. They too were going to use it to put towards the capex of building their processing facilities etc.

This is just a quick few comments as I suggested and there is a lot more to it, but that is a decent summary I feel as to why we are sitting where we are sitting.

You never know the if the war (any of them) escalates it might end up being a positive for the WIN DSO sale as people rush to restock incase supply becomes constrained for geopolitical reasons but at the moment I think we are in a holding pattern and don't see anything moving the needle drastically north.

That's how I'm seeing it anyway and I welcome other opinions especially if they are opposing mine.