Lithium is dead for now.
Ardiden cashed out of the asset at the right time - unfortunately they didn't cash out of the shares.
The money hasn't been spent.
I'm a lithium bear and would be supportive of the board selling at least 10 million GT1 (leaving 3 million) before it loses more value.
This would give us a further $1.3m in cash.
The paper loss since they were released from escrow is not insignificant.
On November 10 GT1 closed at 41c therefore the holding was valued at $5.33m
At 13c it is worth $1.69m
According to you I thought they took our best asset and our best senior talent?
Why has their share price fallen so much more so than ours?
You can see why there has been board reshuffling.
Gold Diggers Club?, page-145
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