To add to that, the issuing of stock options in the SPP has also...

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Justonethrust

139 Posts.

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17/03/23

12:28

Post #: 66822268
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Originally posted by Boom69: ↑

So it takes lots of ingredients to cook todays XTC s#@t soup and they are as follows
- Current world financial situation and instability, banks collapsing, interest rate sky rocketing etc.
- Lithium demand cooling for now so over supply concerns
- Lithium price slides and forecast to continue downward for now
- Investors jumping to more promising commodities.
- Sheep like mentality in regards to sell off’s
- 90 % of the market was red today = All of the above is why people choose to sell or buy!

Then add to this XTC new management, Cap raise, uncertainties around time lines, no news flows to keep investors on the hook!

This was always going to be a bumpy ride especially as we have missed the first Lithium wave and trying to catch the next one, also remember that with billions of shares on issue it only takes a few people to lose patience and sell out then it creates a domino affect….and with the SP currently @ .005c it only needs to drop one pip and it’s a 20% drop as opposed to other stocks with higher SP that might drop a pip or two but only account for a 7 % drop so it visually looks a lot worse on bad days!

I am licking my wounds like everyone today but what we need is good results back from Blanche, some solid time lines and plan moving forward…but most importantly drilling to commence in Argentina with results coming in helping form resource potential and size….a long way to go yet but it’s all still possible!

GLTAH

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To add to that, the issuing of stock options in the SPP has also put pressure on the share price.

XTC Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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