LU7 - General Discussion, page-4

I have a few questions about the financing and speed of project development.

1) The company raised 4.5 million, 2.5m$ was in the account. Total 7 million.
2) According to the prospectus, the company will spend 6.9m$ for the promotion of projects over 2 years
3) The company plans to send 942k$ rubles to the flagship project Apollo
4) Here is a list of star management, and their salaries, which are listed in the prospectus (page 104-107):
Board
Iggy Tan 96k
Alex Hanly 270k
Patrick Scallan
Jingyuan Liu
Gernot Abl 72k + 120k
Fadi Diab 48k
Vincent John Fayad
Kurt Laney
Key personal
Justin Rivers
Terry Stark
Roger Pover
Huy Nguyen
John Loxton
Only those whose salaries are known have an annual total salary of more than 600 thousand.
We don't know how much the total costs for the entire star team will be. Maybe more than 1 million$ a year

5) The presentation states that the "dream team" has already launched lithium mining from exploration to production in 3-5 years.

The numbers don't add up in my head. It seems to me that the money that is there is not even enough to confirm the resource. The numbers don't add up in my head. It seems to me that the money that is there is not even enough to confirm the resource. And the dream team will absorb a huge part of all the money that is so needed for drilling.

Either not all expenses are indicated in the prospectus, or drilling will take a long and slow time and most of the money will be burned for management salaries, or there is a lot of capital raise ahead.

I can't understand what made the star team come to work for this small company? Managers aren't even big stockholders. 30% of the company belongs to one person, and he is not in management.