Wish you luck with that analysis. Reality hurts.
At current reported costs for Production, Staff and Admin/Corp of $2.370 M there's a huge shortfall in revenue to meet this obligation. With only one revenue stream then, that's a lot of batteries, or a big cut in outgoings. Either way it's a critical point in the history of LIT and specifically the recycling venture.
Note that they have stated a willingness to "liquidate investments to raise funds..." There's red flag number 2.
Also note that the $5M you're talking about is a "provision" only.
No, I'd be nervous if in the drivers seat and more nervous if I had a stake.
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $18.59M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $23.08K | 2.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16226 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6245854 | 19 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| LIT (ASX) Chart |