Wow, just wow.
I checked AASB 138 & below are the recognition criteria.
Compiled AASB 138 (Oct 15)
SiLeach® processing overview - Lithium Australia - YouTube
SiLeach® costs benefits - Lithium Australia - YouTube
Lithium Australia - YouTube
What "commercial value" does it have?
AG was the face of Sileach, this company pushed it for years & now it's all been written off for $7.7 million? Let's do a random throwback & scroll down to all the anns from 2013/2014 onwards.
Lithium Australia NL (ASX:LIT) Share Price - Market Index
8 years on & it's all over, for almost $8 million. It has cost LIT shareholders nearly $1 million a year for the last 8 years (on top of other losses). So have a look at the yearly losses for previous years & add another $962K, or more, depending on when Sileach was recognised as an intangible asset.
Funnily enough, on the LIT website, you can only go as far back as 2015.
How many other intangible assets does LIT have? How long until they're written off?
LITHIUM AUSTRALIA LIMITED (ASX:LIT) - Ann: Annual Report to shareholders, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Wow, just wow.
- Forums
- ASX - By Stock
- Ann: Issue of Shares
LIT
livium ltd
Add to My Watchlist
5.00%
!
1.0¢

Wow, just wow.I checked AASB 138 & below are the recognition...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
1.0¢ |
Change
-0.001(5.00%) |
Mkt cap ! $16.05M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $20.29K | 2.032M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 7567542 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 359606 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 7567542 | 0.009 |
44 | 15689078 | 0.008 |
15 | 5728839 | 0.007 |
6 | 3411674 | 0.006 |
12 | 8180190 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 359606 | 3 |
0.011 | 1456004 | 15 |
0.012 | 7732871 | 21 |
0.013 | 4877889 | 5 |
0.014 | 720000 | 4 |
Last trade - 15.59pm 10/07/2025 (20 minute delay) ? |
Featured News
LIT (ASX) Chart |