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4.55% 2.3¢ lithium australia limited

Not emotional whatsoever. You just keep posting false...

  1. sqe
    6,939 Posts.
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    11/11/19
    11:23
    Post #: 41353626
    Not emotional whatsoever. You just keep posting false information.

    From the annual report https://lithium-au.com/wp-content/uploads/2016/11/16092019-Annual-Report-to-shareholders.pdf
    https://hotcopper.com.au/data/attachments/1820/1820130-1b6c210bb15cc3f7a9dbaaf234571607.jpg

    Cash decreased by almost $15.6M last financial year. Doesn't sound like an earner to me

    Then from the last quarterly https://lithium-au.com/wp-content/uploads/2016/11/25102019-Quarterly-activities-report-and-quarterly-cash-flow-report.pdf

    They started with $2.7M cash, they raised $2.8M cash, yet at the end of the quarter they had $2.3M cash.


    Regarding Envirostream, big difference between revenue from sales, and distributable profit. So claiming something is an "earner" is misleading because it implies profitability. Earning revenue, and net profit are very very different

    LIT Price at posting: 3.7¢ Sentiment: Sell Disclosure: Not Held
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