LIT 4.35% 2.2¢ lithium australia limited

Ann: Notice under section708(A)(5), page-21

  1. sqe
    6,939 Posts.
    lightbulb Created with Sketch. 3626
    Is that the info sent from headquarters in the memo?

    You do realise what happened yes?

    LIT IPO'd tenemants and created CHR. They did not pay cash. LIT have been holding those tenemants for how long and did nothing with?

    This is from April 2021 https://lithium-au.com/wp-content/uploads/2020/02/20042021-LIT-maintains-battery-minerals-interest-through-Charger.pdf

    Guess what, if those tenemants had real value, then LIT could have explore them and retained the value. But no, they essentially offloaded the assets. Why is that.

    If those assets were truly remarkable, why would a company offload them for pennies in the dollar?

    But hey, this company has offloaded assets before, look at BEM and MTC. And look at the shareprice of both of those IPOs now versus the float price.


    Yep, a whole lot of going south. They all actually have a very similar share price to this company.

    Have a read about this company IPO'ing blackearth (BEM) or Metalstech (MTC) ?

    Don't believe me? Read the company announcements here
    https://lithium-au.com/wp-content/uploads/2016/12/1627296.pdf
    https://lithium-au.com/wp-content/uploads/2016/11/05122017-LIT-Priority-Entitlement-in-BEM-IPO-closes-Thursday.pdf

    Also, they plan to IPO Envirostream
    https://*********.com.au/lithium-australia-push-battery-recycling-proposed-envirostream-asx-listing/

    That is the plan of this company.......IPO its assets. What are shareholders left with? ....


    Last edited by sqe: 12/08/21
 
watchlist Created with Sketch. Add LIT (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $26.89M
Open High Low Value Volume
2.3¢ 2.4¢ 2.1¢ $42.53K 1.909M

Buyers (Bids)

No. Vol. Price($)
15 2970956 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 376839 1
View Market Depth
Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
LIT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.