Ann: Corporate Presentation, page-12

LOL, so they dumped SiLeach off the books, and now they are keeping its memory alive? That is funny.

At first glance it reads well. Simon Linge is a much improved version of Adrian Griffen. The quality of the material at least provides more information. Although not sure how much of it is ACTUALLY relevant to LIT.

So LieNa was being piloted with CSIRO. Remember that announcement back in March 2021, when LIT announced they would pilot LieNa, and would produce samples in September of the same year. They went through the process of ordering the long-lead time items etc. They ended up having problems and the project was put on ice. Looks like they are magically reinvigorating the project.

Looks also like they plan on keeping with the 3 streams of work. This is a company with a mkt cap of $42M, that is burning cash at a rate of $10M pa. Keeping the 3 fires going will bleed the cash reserves dry.

LieNa is now 7 years old. VSPC is now 20+ years old.

What could possibly go wrong