I read many skeptical and angry comments in the thread to today's share price development.
Well as a PIO holder, I'm also not satisfied with it and have expected a significant jump after today's
(not bad cesium drilling results). I must give the skeptics right: In good times, we would not only stay here at six cents, but within a week we have already over 10 cents!
But maybe it's a good idea to think about why the market reacts the way it reacts. We have good Mavis results with "spodumene". Here too, in good times, it would have been enough to make 50% with the word spodumene in the news. We have good cobalt results. But why is the market so ungrateful ?? Well, I think it's a mixture of many things: Too high aims from the part of the PIO management, to many projects in same time and dancing on too many weddings: Mavis / Cobalt / Cesium / Lithium / Kangan Gold.
Oh yes, Kangan Gold. Has the market ever heard anything of it again ?? No! It is sunken in the Pilbara sand!
That, too, is one reason why the market remains very skeptical and good drill results are not rewarded. It lacks credibility !!
All projects together at the same time will not work. Failure to meet the promised deadlines through management (Crook), poor public relations, lack of information flow on current projects and expected results, and in my opinion very important: Crook has gone too far with the mysterious two unknown customers for the cesium offtake. Since the market has the ultimate goal - the open-ended agreement as a cash-generating event in mind - it is not satisfied with the "small" interim results, even if they are so positive. The market wants the complete cake that was promised.
Therefore, in our opinion, we will see no higher share price, befor crook does not keep what he promised: Cesium mining until the middle of this year with the promised offtake partners and that without delays!
This should not be a negative image, it is just my personal assessment of the current situation. I have not given up hope yet. GLTA
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