LU7 3.23% 1.6¢ lithium universe limited

Ann: Appendix 4D & Half Yearly Report, page-14

  1. 2,506 Posts.
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    I was mainly replying to the quoted post regarding the Directors doing a great job. Hopefully they can turn it around now they're here.

    Spend of ~$2m plus the big salaries now, means that you have maybe 9 months cash on hand currently..... and that's without money to pay for the new deals or expanding or whatever else is apparently assumed.

    I think for the info at hand currently, news will be needed ASAP to keep this valuation of $30m with no actual deals/ revenue/ progress.

    I like the product, and think there is a future here, but at these prices I would need to see some progress and a way forward without more dilution and uncertainty. Until then, my order remains at .008c. Under the gap left behind, and at a more reasonable risk/ reward of $17m MC.

    With some news of deals or progress I think the current market cap is possibly supported.



 
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