Market's view on Marechale Cap.
Published on April 2024
- Stock watchers expressed concerns about the static development of Weardale and the impact of low lithium prices, compounded by the failure of British Volt.
- There is frustration over lack of communication from the company regarding their actions and results, with a perceived increase in inactivity.
- Concerns were raised about the lack of a replacement for a non-executive director who stepped down, reflecting poorly on the company’s current pace of operations.
- Observations were made that the company’s website has not been updated since July 2023, indicating possible stagnation.
- There are complaints about the company’s lack of agility and creativity, noting a reliance on cash from investors without significant progress in operations.
- The company is perceived as relying heavily on digitalization, but the actual benefits and implementation of such strategies are questioned.
- Discussions around the financing of Weardale Lithium and strategic moves in the Tees Valley indicate some positive developments, yet the overall sentiment remains cautious.
- The effectiveness of the company’s digitalization strategy is criticized, especially considering the dilutive effects of fundraising efforts on shareholder value.
- Doubts about the company’s capability to manage funds effectively and generate cash, rather than burning through it, were highlighted.