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56.5¢ lithium power international limited

I was looking at the last few quarters:-2.8M -2M+4.5M...

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Arcpro

1,873 Posts.

160

02/08/21

05:00

Post #: 54946580
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Originally posted by 8horse: ↑

You don’t quote the highest, it’s average.

A Partnership is never a good option for business. Owning half of the project, makes progress hard.

Last quarter burnt $3m cash, left $6m, so it’s about $1m per month, it’s already August.

How many months their cash can last for?

Regal Fund kept dumping, still left with about 13 million shares according to ASX announcement and broker data.

Good luck.

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I was looking at the last few quarters:

-2.8M
-2M
+4.5M (Placement?)
-0.5M
-2.5M
(change in 5B)
-0.2M
-0.8M
-3M
-0.8M
-0.8M
-4M

Average of 1.75M (ex Placement).
6.2 in the bank should last at least roughly 3 more quarters. This should be enough time to get the binding agreement with Mitsui and get a CR right next to it.
The sooner the agreement the better.
Where is the LI price going to be in 6months??
IMO. DYOR.

LPI Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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