The current management team has proven they are willing to throw caution to the wind and keep developing this project with zero regard for how they go about it. If they haven't stopped already, I don't see why they are going to start now when they can just keep issuing more shares at lower and lower prices.
Assuming 8horse is correct for a minute, the only reason JP and team will stop is because they are unable to rattle the tin again. Yes, they survive for a while with no debt, but at that point the only thing that saves the company is a complete change of board, and asset sales. No one is going to want to work with this clown show when they have run it into the ground.
Either there is some really left field announcement that Glencore has come through (or some other new entrant), or we have to sell the asset (either whole projects or part of one) - there are almost no other options left with this incompetent management team.
It could have been so very different, except JP was too pig headed to listen. All they needed to do was to wait for financing to be complete before embarking on building the project out. Worst case we would have a great project with huge potential and plenty of money in the bank waiting for the lithium price to rebound. Instead, here we are eating hand to mouth, like beggars, with a half built project, shares in some sh*t cos, farm land next to Greenbushes and a mad man at the helm.
- Forums
- ASX - By Stock
- Lithium brine degradation
The current management team has proven they are willing to throw...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $55.73M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 10.5¢ | $331.6K | 3.024M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 804140 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 379713 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 802140 | 0.105 |
26 | 1640267 | 0.100 |
2 | 406000 | 0.099 |
1 | 10214 | 0.097 |
1 | 10000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 379713 | 5 |
0.115 | 344171 | 7 |
0.120 | 601067 | 7 |
0.125 | 144576 | 5 |
0.130 | 186046 | 5 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online