Ann: Wolfsberg Lithium Project Update, page-72

First 72 Last

Share
Profile

Follow
Beno77

5,279 Posts.

635

06/10/21

18:40

Post #: 56612724
Share

Originally posted by Mountainbike: ↑

@Jefferies
Yes it is funny.
As I posted, El announced Dorfner results and DSF for 2019.

Now we have two years later, drilling announced as of September.... Timeline is not met again and all I read here is : it doesn't matter.....
. No one cares why El never meets a timeline and even exceeded it by 2 years!!!

Instead, many here talk about much higher prices and dream of prices that existed at the beginning of 2018, without taking into account that EL issued less than half of its shares at that time.
Have no idea regarding the top 20 shareholders, how long it takes to obtain environmental permits etc for a mine and the lithium hydroxide plant.... Negotiate land to relocate the mine entrance and most importantly find financing for the project.....
No one wonders why the loan of 30.12.2019 has collapsed. etc.....
All this will certainly have had its reasons and due were certainly not positive.
...and the conviction for market manipulation is never mentioned here either

In big Australia with a small population, everything is quicker and easier than in Austria where you have very strict laws and have to listen to every objection. In addition, environmental protection comes first......all this is forgotten and ignored in Australia.

Expand

Bro what are you on about .

Firstly Australia is big yes . But our population is 3 times bigger than Austria.

Even tho it appears every man and his dog has a D12 and a 50t excavator digging away in there backyard here in Oz it’s actually quite difficult to obtain a mining license.

We like you have strict environmental laws , native title acts, water licenses etc etc.

But what is in our favour is we are world leaders at sustainable mining and I’m sure we will be able to help get a mine up and running in the centre of Europe. Here’s some light reading on Australian sustainable mining development.

https://www.industry.gov.au/sites/default/files/2019-04/lpsdp-a-guide-to-leading-practice-sustainable-development-in-mining-handbook-english.pdf

EUR Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply