So Sileach is outdated? Yet the company has said on multiple occasion that Sileach is perfect technology for Zinnwaldite. So its outdated? or is not outdated?
What happend to the DFS on Sileach plant? of a PFS on the LieNa plant? or the DFS on VSPC ugrading their pilot plant to a chemical facility? Or any costings on upgrading Envirostream to 3,000tpa.
Its like every other Lithum Australia announcement. Try and woo an expecting crowd with the "latest" plan. All these "plans" cost money. How exactly will Lithium Australia source that money? The last CR was a flop. They attempted to raise $6.5M, yet shareholders only coughed up $2.8M. And that was at a 28% discount.
Also, we know Global X Lithium ETF recently sold out their holdings from over 6.5M units. They closed that position last week. Also, whilst they were selling, they only made up 20% of volume. So other shareholders lost faith as well.
Who will be left holding the bag?
LIT Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
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