A number of things .
Convertible financing . Pretty close to the financing of last resort and the incentives are for the financier to sell down before conversion .
There is no shortage of lithium in the world so assays of lithium deposits are unlikely to move the needle .
It's not evident whether LIT's process is cheaper than Posco's . All we have is unverified claims .
Constant ramping by management .
I sold out at 16c and might buy back in but only when see concrete plans for a project and details of how it will be funded and timescales .
What's holding this stock back?, page-4
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.32M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $34.87K | 1.656M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1869519 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 772833 | 6 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LIT (ASX) Chart |