This thread might as well be retitled to something along the lines of allowing investors to realise we are at IPO price.
If you take the $1.20 and divide by the consolidation of 5 we are at 20 cents.
I am really and obviously disappointed that the company is unwilling to protect those that invest here.
We have become a slow moving train wreck and whilst I can see value in our investments in LPD and A40 they are dropping rapidly also.
Australian lithium has become a mess and it's unfortunate with the shift away from coal that the Australian government has not stood up and realised the value in investing in it, rather leaving it to international companies like Albemarle (USA) and Tianqi (China) to do it for them.
Perhaps Australia will see this as an opportunity lost, but at the same time I wonder if this company will end up being one of them either via a toke over or just floating around in the breeze with management that are more happy collecting their pay cheques and rewards rather than operating it as a going concern.
It's a disgrace and an obvious disappointment which ever way you look at it.
View attachment 1681636I am also surprised that AUSBIL are taking it on the chin rather than standing up and representing all holders.
Goes to show that even as a major holder with that much clout it probably doesn't matter so much.
