7 likes? Why? SBR with $4.5M cash releases Lithium News (which so happens to be aSELLING OFF Commodity) and a Presentation at a Conference all in 1 day?? Wait....DID we forget something?? Oh yes.... in the SAME day they announced issuing SPECIAL, CHEAP shares 2.9M of them at 3.3c...ALL IN 1 DAY?!?!?!?!
GEEZ that's a lot to chew.... this is screaming impending Capital Raise coming.
Last Year they managed $8M cash
This year they managed $4M cash
That's a 50% halving...
What's the next raise just $2M for example? Struggle to get financing? Hotcopper has no clue on how to research, particularly the daytrader thread.
LOOOL RUN! SELLLLLLL into whatever madness we are seeing. Not advice, just what I would do IF I had a large positiion and went through it with a fine toothed comb.
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