GLOBAL X LIT ETF FUND TOTAL, page-481

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stevo 111

4,956 Posts.

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22/06/20

05:11

Post #: 45357747
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Originally posted by carbonman ↑

Stevo I would be the first to follow their lead if LIT did buy back in but i wont hold my breath as I cant see where they have ever done that before, which previous re-entries into which stocks are you talking about?
Im surprised there is still no tangible progress on finance here. I do like the approach of starting small and going for organic growth to scale up but I disagree with holding out for debt finance instead of sacrificing some dilution initially if it means we cant get out of the starting blocks. Wonder if there have been any firm offers of any kind? If our product is good, whats the hold up? I know patience is a virtue but this feels like a mexican standoff within in a game of musical chairs.
For disclosure I hold options here, not sure if that counts as a position... and yeah i do see the irony of my complaining about no firm commitments

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All good mate, AVZ has also been dumped from the LIT and not for the first time, from memory their last position was sold at a decent loss there.

Yes a Mexican stand-off is exactly what it feels like. And like other long term holders I have no idea what Alex is currently up to in regards to financing this project and others. Not the best of markets to be seeking anything at the moment. This stand-off has become a very slow moving game of chess.

In saying that I wouldn’t be letting those options expire as when this market is finally reignited all hell could break loose.

All the best.

AGY Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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