Originally posted by rayien:
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Generally it's a warning when a company has this much negative sentiment. Says a lot that there really isn't much positive posts here too. Even you aren't making a case for LIT, just vaguely referencing a growing recycling market and telling people to have faith. Don't you have anything to say about when this company is finally gonna get off its backside and DO something, rather than keep talking about all the stuff they're gonna do. Can't you try and discuss the timeline, commercial viability of the products, when and how much return shareholders are going to see? And I dont just mean talk of 1% of a 400b battery market (which is OVERWHELMINGLY in production and technology, not recycling), but like actual numbers from LIT? Or is it too hard given they don't actually provide anyone with any firm information? They hid half the information regarding the Feasibility study for the pilot plant, and there is still many unknowns surrounding SiLeach. The battery recycling is in it's absolute infancy and we know basically nothing about it. All we know is currently Australia basically doesn't recycle lithium at all, and I haven't seen anything to suggest LIT is going to be able to change that or significantly profit off the niche market that currently exists. It's really impossible to have a clue of the potential upside and downside of this company, and that makes for very poor investing. You're gambling on just a vague positive sentiment about battery recycling and some nice sounding talk from a man who has a long history of 'huge', 'revolutionary', products that never make it to market.
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WOW! Sums LIT and AG (and fellow BOD) very, very accurately. This CR won't fly, AG lost the confidence of the majority of SH, too much money down the drain and little (nothing) to show for it.
RIP
(20min delay)