LIT 3.57% 2.7¢ lithium australia limited

Suggest to read posts over time and you might see the trend in...

  1. 914 Posts.
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    Suggest to read posts over time and you might see the trend in observations about LIT and the calling out of facts against blue sky fanfare.
    Share holder break down is: Institutions 2.9% / Individual Insiders 3.9% / Private Companies 5.0% / General Public 88.2%
    So the dilution impact on "mums & dads" is the grievance (18% increase in issued shares) and that's where the pockets are smarting !
    On the contrary I don't think any holder will be happy to sit on the fence and wait given another FACT and that is having less than 1 year of cash runway based on the free cash flow trend together with an highly volatile share price (21% average weekly change).
    Revenue will not increase to levels needed in any time soon as the projects fan-fared about are not even medium-term earners today and the entity has to survive to see it through - history shows it has been flying on a wing and a prayer for quite a while.
    A little research on your part will probably reach the same conclusion but if you're genuinely happy to "sit it out" then to each his own.
 
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Last
2.7¢
Change
-0.001(3.57%)
Mkt cap ! $33.00M
Open High Low Value Volume
2.8¢ 2.8¢ 2.7¢ $11.75K 422.9K

Buyers (Bids)

No. Vol. Price($)
16 1508967 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 370000 2
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Last trade - 15.31pm 09/05/2024 (20 minute delay) ?
Last
2.7¢
  Change
-0.001 ( 0.00 %)
Open High Low Volume
2.8¢ 2.8¢ 2.7¢ 133405
Last updated 14.41pm 09/05/2024 ?
LIT (ASX) Chart
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