What are you talking about have you not read the latest news today out of Green River, A1Lithium have had their operations halted due to environment concerns with regards to underground pumping pumping back of brine water?
@Chris2184 explained it perfectly, he said ASN pump 80% to 100% of brine water back , I'm looking into this ATM it appears this is what A1LITHIUM DLE do with their operations, and this appears the reason operations have been halted . Apparently not all DLE tech does this extraction method, so need to research further .
At this stage though in my opinion, ASN are fully capitalised at $172 m given this major adverse environmental situation at Green River, and ASN with $17m cash and a big $5m quarterly cash burn as stated in their latest quarterly looks hopefully set to slow if there is a halt at ASN tine will tell.
I hope the halt it's temporary, but when talking about environmental issues this is extremely serious,
so talking about bots shorters etc when facing real issues, well retail will be looking at this seriously over the weekend and working out what to do.
Being in the dark is the worst thing, I'd expect management to come out with an announcement prior to open Tuesday to clear up things, as ASN has spend millions on their setting up over my many years, just to have this A1Lithium Green River halt happen today or yesterday in US time.
