E said:
Can you promise a WWR reversal too??
Let me say, against the backdrop of a sub-$1 share price, I have consistently maintained that this was a long-term accumulation stock, that was based on the transition in energy sourcing and would see its rise once its large plant facility came online. That had been forecast by WWR to occur (pre-covid guidance) in mid 2021.
Those in on it early captured a anticipatory spike in share price allowing us to get net free. A subsequent lesser spike allowed us to further add to net free shares, while booking additional profits. Theree were several delays by the State and Federal regulatory agencies that created a slowing of the construction in 2020. This began an initial slow consolidation channel that I felt would eventually break back out. Then covid hit and the shorts were gifted complete control. No one was happy except them.
Then covid hit and post-covid the stock saw short sellers pile on suffered (as all stocks did) due to Covid's disruption to supply lines, forced closures and about any other obstacle one can list. It was particularly detrimental for plant-based construction, large machinery and components.
Net free money has continually shrunk and those who bought after the spikes never had a real opportunity to get net anything, especially not net-free. Ironically those who have been extremely late buyers have had several trading cycles to get net free. Those with resources have also bought and sold (and used covered calls) to either book profits or add to net free shares.
Management reaffirmed guidance that production will begin in 2024 for Phase 1, with full Phase 1 production in the 2nd half of 2024. They also stated that they are confident in meeting fiscal demands to see that materialize. No excuses bottom-line? What was to occur in 2021 is now 2024. Fairly simple logic in my estimation.
This statement from their CFO says it all: