LTR 3.86% $1.12 liontown resources limited

I am pretty sure, the sale of the Bynoe Lithium Project was...

  1. 4,113 Posts.
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    I am pretty sure, the sale of the Bynoe Lithium Project was unexpected... especially since they announced on the 3/8/2017 that:

    The exercise of the Option, which covers the two main tenements (EL30012 and EL30015) at Bynoe, reflects the Company’s strong belief that the Project has good potential to host an economic lithium deposit. Liontown acquired the Option in early 2016 due to the large number of documented rare metal pegmatites prospective for lithium and the Project’s close proximity to Darwin and related infrastructure which would be critical for the development of a commercial mining operation. Exploration drilling has intersected >1% Li2O, spodumene-related mineralisation at 8 of the 23 prospects targeted with broad zones (>10m) of ore grade delineated at Sandras, BP33 and Carlton. The next phase of work at Bynoe will comprise first-pass RAB drilling of a number of other high priority targets, which have been defined by geochemical, geophysical and geological surveys, followed by deeper Reverse Circulation (RC) drilling. Further RC drilling will also be undertaken at targets where wide zones of >1% Li2O mineralisation have already been intersected.

    If someone is knocking on your door to buy... you set the price you want... FFS.

    As for those 8.2% CXO shares.... dilution is on the way.

    Especially since, they raised month from the Chinese company to do further studies, and now there cash balance is drained again.

    As per buying, I purchased a few today and set another buy at 0.009s... maybe @Freehold is right about KV.
 
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