Wish you luck with that analysis. Reality hurts. At current reported costs for Production, Staff and Admin/Corp of $2.370 M there's a huge shortfall in revenue to meet this obligation. With only one revenue stream then, that's a lot of batteries, or a big cut in outgoings. Either way it's a critical point in the history of LIT and specifically the recycling venture. Note that they have stated a willingness to "liquidate investments to raise funds..." There's red flag number 2. Also note that the $5M you're talking about is a "provision" only. No, I'd be nervous if in the drivers seat and more nervous if I had a stake.
LIT Price at posting:
7.3¢ Sentiment: Sell Disclosure: Not Held
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