The patience to wait21 Sep 2018 13:11
Always remember that is easier said than done, when one reflects on recent times what also happened is that BA bought the Company a two year period to bring this mine through production to processing.To the normal shareholder that is quite a long period and many unknowns may happen to disrupt that schedule.For instance not so long ago we had the tree shaking period now we are into the dreaded stagnation.I have often said when becalmed SP`s only go one way, down, and that downward trend if only a trickle hurts many.
The talk of paying for this processing plant even with BA doing the rounds has not enticed anyone into the open,although SC have had full encouragement to do so,II`s have shown no interest that we have been told about and as for forward buying from some unknown party is that realistic when viewed against the ETF graph courteously provided by a fellow poster showing Lithium prices.So taking a commercial approach we are right back in the basement and any buyer that wanted could come steaming in with a buyout offer but none have.It happened at this stage with our neighbour, but there is no enthusiasm to do that here.
There is many a slip between cup and lip and given a two year period do not be surprised if many overtime says I will try my luck elsewhere and come back in a year or so.All this means a reduced SP and a requirement for fortitude if we have a few hiccups to overcome.
I will still be here but felt this needed to be stated.