LEL 6.06% 35.0¢ lithium energy limited

Bets are being made on the quarterly and the lack of any...

  1. 220 Posts.
    lightbulb Created with Sketch. 45
    Bets are being made on the quarterly and the lack of any progress in 3+ months and the countless missed and still missing self-imposed announcement deadlines (Lanshen deal signed by September was it??) .

    I'd be betting on the side of the sellers. Has to be less than $2M cash with literally not a single option for moving forward other than a tiny cap raise that prob won't even get them through another 3 months. This is well and truly dead. Most can't even sell out probably at this stage. Write it off.

    A 25c cap raise for $5M would be unlikely to get over the line and will destroy the company anyway. Its finished.
 
watchlist Created with Sketch. Add LEL (ASX) to my watchlist
(20min delay)
Last
35.0¢
Change
0.020(6.06%)
Mkt cap ! $39.20M
Open High Low Value Volume
33.5¢ 37.5¢ 33.5¢ $50.80K 139.6K

Buyers (Bids)

No. Vol. Price($)
1 7750 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
37.0¢ 53000 1
View Market Depth
Last trade - 15.20pm 23/08/2024 (20 minute delay) ?
LEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.