Build the mine, they will come, page-24

Hi Mirren, when the company went to do the 38c cap raise, the retail holders applied for something like $80m from memory but were cut back to the $15m "allowed" by the rules for a SPP.

That alone told me that the retail holders DO have the firepower here, and if organised can control the outcome of the direction of the company. The constant ideas that we are fed by the media about the "big boys" holding all the power over companies, is only because we the retail holders let them get away with it.

The problem of a group of retail shareholders getting together is that between 100 people there about 150 ideas of what is the correct way to approach the use of that power.
The substantial holder group was about showing that there is a large group of retail shareholders in this company that are often ignored, yet we could organise a large number of shares in a short period of time if necessary. At that time there were no pressing issues, so to gather the 57M shares needed at the time in a couple of days, was a superb effort, and yes the company was paying attention, as I received something like 7 phone calls from the secretary of the company on one day.

Now just to go back to this point in particular....
"We the retailers have to play along with that game- they have the fire power- we don't- simple -"

When we hold the majority of the company, as we do here, and the company could have easily raised all the capital necessary from retail holders, if they put their minds to it, I believe that statement of your to be incorrect. That is what they want us to think, and while we all have separate ideas and notions with our petty arguments, they can perpetuate that idea of them having all the firepower.

Is our share price played with? Absolutely, but if we actually organised to keep the share price within a range by everyone buying below Xc and selling above Yc, then we would be breaking the laws and guilty of market manipulation, yet the "big boys" do it all the time and no action is taken against them.
We have the firepower to get the share price where ever we want it if we all could see a common goal and worked towards it. However human greed and fear would work against such a large group of people.

" I always have felt that your posts are all about making people conform to your thoughts-"

Isn't that why everyone posts?? They have their beliefs about an issue, and try to get their point of view across to others. This is exactly what you have done in your post. It is what all people that have an opinion on any topic are doing when they write down their thoughts for others.
I'll fully admit I'm a total bull for lithium as WE need it to try and save the planet from run away global warming. We simply have to get off coal and oil ASAP. Lithium batteries are the only answer we have for all forms of transport, so yes I am trying to get absolutely everyone to conform to those thoughts of mine. Plus there is not a shred of evidence that says my thoughts on this are incorrect.

In the email group, I try to get others to put up something I can post to everyone, but it often does just seem to be information I have found out as many people have been reluctant to offer anything. It is not my email group, it belongs to all the participants, and I welcome input from others in the group, but get very little, which think is very unfortunate. In fact the one person that has given me the most information to post about is Ken Brinsden, often clarifying a point or 2, and that is great.

Our company has over 11,000 shareholders, and 1 has more than 5% of the company at present, but only because the board gave them those shares, to make the ROFR issue go away and the 2.5% royalty go away. If each shareholder put in $50k for the financing of the process plant build, we would raise $550M, way more than what is needed, and if 8% was offered as an interest rate, they would be swamped by shareholders that would like to earn that type of interest on a lot more than $50k.
The big end of town has you and almost everyone else believe that we the small share holders have no power, and individually we don't, but together if we could keep our beliefs on the same course, we hold vast power. The big end of town knows it but they don't want the individual share holders to know it, and will do everything in their power to keep the status quo.
The internet and boards like HC give us that power, and by creating history in 2016 by being the first group of retail holders to become substantial holders of an ASX300 company, sent a shiver down the spines of the 'big boys", simply because they don't want us to have the power we do have.

Thanks for the tip on SYT, I'll go and see if I can help in any way.