Why would anyone buy a business that's losing money?
Who would throw their hard earn cash at a business that doesn't make any money? Think about it.
I believe all LIT shareholders or potential investors need to have a long hard think.
LITHIUM AUSTRALIA NL (ASX:LIT) - Envirostream Planned IPO, 57085268, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Remember the agreement only goes to June 2024 but Bunnings has the option to extend it 12 months. Then what? A new source will be required.
LITHIUM AUSTRALIA NL (ASX:LIT) - Ann: Envirostream to collect spent batteries from Bunnings stores, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
If it's already losing million a year now & Bunnings pulls out in 2024, how much shareholder cash will it be burning then?
I'm quite the opposite now, I think LIT will get stuck holding this thing & burning more shareholder money along with it.
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Last
1.0¢ |
Change
-0.001(5.00%) |
Mkt cap ! $16.05M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 0.9¢ | $20.29K | 2.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 7567542 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 359606 | 3 |
View Market Depth
| Last trade - 15.59pm 10/07/2025 (20 minute delay) ? |
| LIT (ASX) Chart |