Acquisition of Highly Prospective NT Lithium – Cobalt Project Placement to Raise $2.1M, page-24

Am i missing something here with the acquisition, most of these Co-Li acquisitions bolt out the blocks. Was pretty obvious what was happening on day one ( placement folk using the initial hype to exit as they know they are getting cheaper shares )

Be interesting to see how this unfolds, the register is very small compared to its peers, the initial Lithium and Cobalt grades seem very good from the rock chip samples.

The company is now cashed up, with a heavily oversubscribed placement
Should have more than $2.5mil in the bank now.

Love to hear some others thoughts here given we are essentially trading at the placement price yet it was heavily oversubscribed.

At least they are not messing around, with news due by end of next week





Before any placements or raising's since the last annual report, the Top 20 held some 82 percent of the company.

Register looks pretty damn tight.

@minoil thoughts ?