Why any thinking person would put any more capital into this company and its management team. As Davos007 Says this exploration report is a regurgitation of past announcements and excuses. How many times do they need to blame inclement weather in WA (Ravensthorpe) for delays. Now drilling is terminated. Nothing there?? No money to continue?? Who knows, not management. Where is their Annual Report, or at least their Preliminary Final Report? Late, but why? Embarrassment all round, probably asking the ASX for extra time.
The appendix for Electra too is disappointing: measured parts per million (PPM). These figures are Infinitesimal. Decent assays for lithium are 1.5 to 2% (also considering size of resource, mine engineering and location amongst other factors), but these assays are tenths of a percent to hundredths of a percent.
Sure they claim it's going to be feedstock for Si-leach -- but who has faith in this technology given all the shenanigans going on at the moment.
For the length of time they have held some of these leases it is surprising they are still costeaning and surface sampling ( e.g. Agua Fria, Mexico).
Now I Know someone (missile) will come out with a LOL or PML ect. but even he has to start wondering if his faith is misplaced.
LIT Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held
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