So at last years Annual Report, the company had 534M shares (Sept 2019)
https://lithium-au.com/wp-content/uploads/2016/11/16092019-Annual-Report-to-shareholders.pdf
As of August 2020, the company had 612M shares.
http://lithium-au.com/wp-content/uploads/2020/02/12082020-Lithium-Australia-corporate-presentation.pdf
The company is issuing another 75M shares, and potentially 38M ontop of that. So that is 687M to 725M shares.
Lets work with the base case of 687M shares. so 534M -> 687M = 22% just in the past 11 months.
Also interesting to note that LIND still have $2.3M they can convert to shares. And remember LIND can convert at the lower price of 5.5c or at a 9% discount to the VWAP.
http://lithium-au.com/wp-content/uploads/2020/02/31072020-Quarterly-Activities-Report-and-Quarterly-Cashflow-Report.pdf
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Mkt cap ! $16.90M | |||
| Open | High | Low | Value | Volume |
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