They said the same thing in the previous quarterly but spent 2+ million on exploration this last quarter anyway. On what? No drilling was needed or presented to the market? They have less than 2M available now for actual works, and a running 500k quarterly operating expense for doing nothing. Cap raise is a certainty and will be far more dilutive than the 30c oppies, which would have at least given the directors some skin in the game also.
No one is buying this NBIO crap. Even if they sold the lithium they would just funnel the money back to the graphite and keep the salaries rolling. Not a single benefit for current holders. Look at SRK.
LEL Price at posting:
34.5¢ Sentiment: Sell Disclosure: Not Held
(20min delay)