Envirostream Planned IPO, page-7

Originally posted by ProCapitalism ↑

Why would anyone buy a business that's losing money?

Who would throw their hard earn cash at a business that doesn't make any money? Think about it.

I believe all LIT shareholders or potential investors need to have a long hard think.

LITHIUM AUSTRALIA NL (ASX:LIT) - Envirostream Planned IPO, 57085268, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Remember the agreement only goes to June 2024 but Bunnings has the option to extend it 12 months. Then what? A new source will be required.

LITHIUM AUSTRALIA NL (ASX:LIT) - Ann: Envirostream to collect spent batteries from Bunnings stores, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum


If it's already losing million a year now & Bunnings pulls out in 2024, how much shareholder cash will it be burning then?

I'm quite the opposite now, I think LIT will get stuck holding this thing & burning more shareholder money along with it.

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Have a look at what Envirostream....

Cost to purchase.
Cost to operate.
Cost of the legal Writ.

It's already cost shareholders millions & counting!!