LEL 0.00% 37.0¢ lithium energy limited

LEL Chart, page-748

  1. 1,655 Posts.
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    Surely it's more incompetence than conspiracy or malevolence. Liontown caused the market to spit yesterday. Bad news will trigger sentiment selling and the shorters have a field day. They have miss timed yet another promising resource offload.

    Only positives I can take from it is, we have a JORC resource (not huge but economic), we're not a spodumene play, so are low cost & the US seems to be interested in exploiting Argentina. Let's get a competent cornerstone investor or JV partner interested, even if you have to give away 20% for $10m and wait for Li sentiment to change.

    If SQM &/or GR pull out of the AZS deal, then that precipitates another blood bath. Fingers crossed that doesn't happen.
 
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