RE: Comment by Zak Mir March 1st13 Mar 2023 09:44
...since the start of 2022
Mexican Lithium wasn't nationalised (& any return was 8-10 years away anyway).
EMH has halved in value from 70ppp to 35pps & our holding has decreased.
We had 30% of Yangi now converted to a direct known value (which has reduced in value currently).
We've had 2 diluting & discounted fundraises.
We sold our LT & LS holdings to 'Evrrgreen' an unlisted entity for a share consideration only.
To come we have:
Hopefully clarification on the standing of Sonora JV & exploitation plans which IF favourable will be positive.
News from EMH that might help them recover or better (still think there's a limited upside there though IMO)
Listing of Evergreen on ASX which will clarify the value of our direct holding.
Any news from Amapa.
Those holding are holding those who can't, don't want to wait or are bored are selling & the SP drifting.
any returns from both Sonora & Amapa are still somewhat unknown & currently years away from what has been published/known to date when & if/when that changes our SP will react accordingly....until that time traders trade & the SP drifts primarily in accordance with our direct holdings rather than, estimated, assumed, guessed, projected years into the future values.
Our fortunes will change when nearer term certainty on projects & JV's are published.
JMO of course, take it or leave it, like it or not.