LIT 10.0% 1.8¢ lithium australia limited

Ann: Landmark joint development agreement with Mineral Resources, page-151

  1. sqe
    6,939 Posts.
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    "soon to be expanding"

    Oh dear. You've been saying this for years. Yet the company opened a second facility in Melbourne, yet recently closed it due to capacity issues.

    Blindly pumping this thing is a waste of time. You know it. Look at the SP. It's a dog. Despite all the freebies and handouts, they still can't produce a profit, and their process is low tech and man labour intensive.

    With competition in the space only growing more competitive, and LIT not having the technical know how to move into chemical production, LIT will be stuff hand sorting, shredding and burning batteries, whilst the market will have moved to better, more sophisticated processes.


    Last edited by sqe: 10/10/23
 
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