LIT has owned tenements, including this one for years and did nothing with it. They then sell off the rights to those tenements cheaply, retaining only a small right. Holders of this company then spruik those tenements now owned by other companies.
If those tenements having anything of significance, then Lithium Australia has essentially given away rights to tenements on the cheap. If the company ACTUALLY had decent management, they would have kept those tenements and done something with it. Of course, that is assuming there is ACTUALLY something there.
Instead, Lithium Australia chased sources of Mica for their "proprietary" process SiLeach, which is now 7 years old, which they also did not with. They did nothing with sileach, nothing with sadisdorf, nothing with Yuoanmi, nothing with Greenbushes, nothing with Bynoe.
It is the tragic tale of "What if" and it is amusing to watch the latest breed of spruikers.
All very amusing really
LIT Price at posting:
13.3¢ Sentiment: Sell Disclosure: Not Held
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