RE: Who is owing up5 Mar 2018 18:31
Tiger why are you so so worried by a placing ?
You are not even invested and yet you keep bringing it up like it will be a bad thing ?
I am re - invested almost expecting a raising. I am already using figures based on 500m in issue. I have even used 750m and applied my resource estimates to work at this level and still be well above this laughable 4.5p for all the lithium inground.
As I stated before raising is almost 100% nailed on. The current JORC drilling is for INITIAL JORC and I am 100% sure they will not cover the whole range of pegmatites to be found on the untested areas of the licence, so more money will be needed to INCREASE JORC in phase 2 Lithium drilling.
I expect this and say bring it on if it proves up more tonnage at $8-10,000pt and even profit of just $5,000pt on lithium.
High grade >1·0% conservative , up to 3% imho in certain seams. Hydroxide will bring in more and its not in clay, not brine, but high grade lithium rock. Just what the Chinese are buying as raw ore in some cases.
DYOR and accept a raising or two for the extra Billion or 10 that is coming our way.
Time will tell if my research is right or wrong.
Nodoubt I will be called a ramper, but thats fine with me. I bought back in to a flea bitten dog of a company for a reason. I will pay to take part the next raisings if allowed !
GLA.