I invested and watched that company burn myself. Gernot’s run was a textbook trainwreck, all talk, no results, and shareholders left holding the bag but he’s gone, and for good reason in my opinion, don’t want that guys reputation on the ‘dream team’
But LU7 isn’t just a continuation, this is iggy Tan stepping in, wiping the slate clean, and using the shell to fast-track a new lithium vehicle without the IPO grind which is drawn out and costly.
He’s brought in real lithium hitters, targeted Quebec, and is lining up funding. Yeah, it’s called Lithium Universe, pretty clear nod to his last win with Galaxy Still early days, but Iggy’s got a rep for building value when the foundations are right. This could be the ignition point, not another drawn-out fizz.
LU7 Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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