Envirostream Planned IPO, page-6

  1. 5,797 Posts.
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    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
    https://hotcopper.com.au/data/attachments/3728/3728311-9ac366722243f5ae4a0e7c5c77f06ecd.jpg

    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.
    Last edited by ProCapitalism: 26/10/21
 
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