RE: ReRate3 Feb 2018 10:30
As a LTH let me paraphrase why I was excited for this RNS... we found lithium in the ground, a lot of it and at really good grades with a great business partner in SC taking a significant stake, we then thought we had lost the rights to the ground.... a real snakes and ladders moment!
Share prices were looking ok to this point with a clear line of next steps outlined only to discover in December that our local license partner had caused an “anomaly” with the status.
At this point (not speaking for everyone but me for sure ) are thinking “great, we have found it and now it’s not going to be ours”.
The BOD moved swiftly to sort this situation and this latest RNS is the confirmation (of what we all believed would happen) that we are the license owner now and for a number of years. ( TFFT!!!)
Now that distraction is out of the way I am waiting to hear confirmation of “officially how much is in the ground (Jorc at some point) and of what quality” I expect /think these will be answered with quality results first (read about bulk sample) and then quantity (I think SC have a gut feel and don’t want other suitors sniffing around) later.
If anyone sees the situation differently I would love to hear as I don’t know that many people interested in mining shares to discuss with :(.
I am hope we will see an updated timeline RNS soon! GLA!