LU7 18.6% 1.1¢ lithium universe limited

@StrengwertWay to early to say they won't have the money Approx...

  1. oke
    3,598 Posts.
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    @Strengwert
    Way to early to say they won't have the money
    Approx $6m in the kitty buys a lot of time and more tham ample to continue fast tracking Apollo ... a lot has been achieved to date on the project and an update cant be much longer
    A typical path would be to increase the share price through good results at Apollo before considering the next capital raise

    Then there is the James Bay Lithium Hub strategy, and the reason for the formation of the Dream Team, which will require some deep pocketed Jv partner such as the Canadian Govt to put up most the finance. Basically here they are offering a 'solution to a problem' that Canada has which is what to do with all the lithium dug out of James Bay



    Last edited by oke: 26/09/23
 
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