Bulls have nothing to be shameful about. It is the nature of a rising sector that projects confidence.
Bears on the other hand, grumble on and on that the winter will never end.
But cycles do turn. And can do so nimbly, any interruption of projected supply, which could create another imbalance that saw price volatility. But they can also do so simply out of natural attrition of uneconomic supply that shuts down mines, and they can also do so because of geo political necessity to provide the west an independent supply chains outside of china. A shit load of things can happen, that can sent huge supply deficit and price shock.
And the bears who come out in the middle of winter, and say that the bulls of the previous spring were shameful ? - No, the bulls backed the best jurisdiction Canada, in the world for a western independent supply route, given the full gambit of risk that exists on the world stage. Australia Kaput and Brazil potentially nationalized in a china Taiwan conflict.
Crowing in the winter, is short sighted. Yet seasons change.
Those bulls in WR1 have backed the leader in an advanced development scenario come low capex , approvals and finance risk, that Rendard offers.
There are many companies who are pretenders.
We are not one of them.
We have delivered an incredible discovery to equity issued. From approx 140m FP (from memory) to 215m FP today, to deliver 78mt, come 100mt resource, 20% of PWN and off take rights, and a look in at this advanced pathway that is Renard.
I'd say, the bulls are right, all day long. And their bet on the seasons of supply disruption / ramping demand growth that catches premature supply forecasts in their nurseries. Whereas the bears have one sad mantra, the winter is here.
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