LIT 15.0% 2.3¢ lithium australia limited

Ann: Binding Agreement for the sale of Greenbushes South Lithium, page-5

  1. 933 Posts.
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    Sad fact it's a cash grab to temporarily plug the gap. Selling off these (most recently mentioned) quality assets with a wool over the eye attitude to stakeholders. $2M cash is a steal and good on GLN they must have seen LIT coming ! Then there's the share issue of roughly 1M which is a drop in the creek given market cap of GLN.
    Now for the desire to "secure" lithium raw material(s) - really from this project ?? At best it's an exploration project with at best some many years to come about commercially (if at all). As we all know there is a huge fail, shelve it position around such ventures. Nah smoke and mirrors once again.
 
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