LU7 0.00% 1.6¢ lithium universe limited

Ann: Mineski Enters Strategic Partnership with Mogul, page-33

  1. 1,508 Posts.
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    If you read your own statement "Its foolish to think you know what 12 months ahead holds" yet with a sentiment of Buy you are doing the same thing .. thinking or hoping that the share price goes up whether your timeframe is 12 months or more.

    Company expenses wont go away and are trending higher each quarter. Unless you can massively turnaround a 4K to 5K per month takings into 100K and more per month within 12 months then company will run out of funds early 2021 and will need another cap raise December 2020 or before. Even a 20% increase in expenses from currently monthly burn will see funds dry up before December 2020.

    Forget the people who put in 3.5Mill last week. Go and find the ones that put 3Mill in May 2019 and ask them how they are feeling right now.
 
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