CAD in an absolute dog of a stock with some attractive ground, they should have consolidated straight off the bat and drilled Muddy Mountain and they wouldn't be in the mess they are now.
If you look at the historical results for Muddy Mountain (quite easy to find) there is LOADS of decent high grade Li present. I have been waiting for them to do this for years but management seem obsessed with dilution and claiming more and more land, for which they have no money to drill.
RLC is a much better hold at this point time, the land appears decent and I am very favorable to management and their progress so far. Our MCAP is built to run so GLTAH and here is to some decent results in the not so far future!
1 bn ton lithium source just a few km's away, page-106
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