This is exactly what I said...over 2 months ago....
"LIT has plenty of cash to fund operations. They just need to pick one of their business plans and execute.
All of these recent announcements fall short of expectations. Traction is needed in at least one.
Sp is under serious pressure by arena Imho. A solid genuinely positive announcement is all that is needed to halt the slide....
Lspp commissining with strategic partner has a nice ring to it....pull you finger out AG."
It's the same thing I am saying right now except that my sentiment and position has changed....AG has not pulled finger out and there is no traction. Arena is still applying unrelenting pressure to the sp and price is down by 30%.
If business as usual continues, I'll be saying the same thing in another 2 months....with the sp on its current trajectory that puts us at about 7c.
Happy to be wrong in this case as I did like the story and would be back in if AG is able to pull said finger out and dilution is under control.
LIT investor's only please., page-48
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1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $24.97M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.9¢ | $29.73K | 1.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1189196 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 652262 | 9 |
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| LIT (ASX) Chart |