Another 30k to offset $6 million in wasted exploration costs....

  1. 1,167 Posts.
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    Another 30k to offset $6 million in wasted exploration costs. Revenue is amazing to be sure but it means nothing if you're spewing money at half a dozen projects with little to no progression. You also doubled your liabilities (probably envirostream operational costs). That's millions more you're spending all so you can earn 30k? Is that the end goal? You need to be earning more than 100x that amount and you will still be LOSING money every year. And you don't even have a project or pathway that could feasible earn that amount. LITs plan for the foreseeable future is reliant on shareholders investing money. The half yesrly report shows thats what they need to remain operstional. They dont need to complete x project or find a customer or anything, bwcause nothing they have could be enough, what they need is YOUR MONEY!
    Last edited by rayien: 16/03/20
 
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