While you may have had bad luck with Canadian miners...
blah, blah, blah...
Wincar3,
There are no "good stories out there" for Canadian Junior Miners which is what we here penny stock traders are investing in (ie in junior miners)... every Canadian Junior Miner (penny stock) investor eventually takes it right in the shorts from those backstabbing fat lazy Canadians El Norte as they 90% of the time suck out all the assets of the junior miners and then quietly resign their key management positions (usually due to old age, family or health problems) "to altruistically let new blood in to run the company" who always turn out to be clueless kids (update: annoying millennial kids) and nothing more than empty talking heads. We all know the routine.
You ask why we are at 2 cents?
1. Have we made any money in the last 10 years? Answer: No
2. Do we have an approved LCE tonnage from the state of Chile approved for export? Answer: No.
3. Do we have an approved permit in hand from Chile to full-time mine lithium? Answer: No.
4. Has anyone told us yet if we will have an approved water allocation (through the Environmental Board) to actually mine the Maricunga Salar? Answer: No.
5. Do we still have a CEO or even a Chairman on the LIEG payroll drawing their salary from the LIEG bank account? Answer: No.
6. So does anyone know who is protecting us LIEG shareholders now? Answer: No.
7. Do we have in hand a signed & embossed sealed (by a registered engineer) legal "Take it to the Bank" NI 43-101 and certified JORC? Answer: No.
8. LPI was AUD$.32pps on July 10. LPI announced the Maricunga mine had more than tripled the project resource (lithium) on July 12.
Did LPI pps triple in value? Answer: No.
Did LPI pps double in value? Answer: No.
Did LPI pps rise 50% in value? Answer: No.
Did LPI pps rise a paltry 5% in value? Answer: No.
LPI in fact fell to AUD$.295pps last Friday.
That big LPI announcement went over like a lead balloon.
9. Can anyone tell us where our second tranche US$15.05M is and when it (ie our proportionate share) is going to be deposited in our bank account? Answer: No.
You say Bearing is an easy double by New Year's Day? Based on what? Really... I what to know based on what? Do you have the brains to offer us any spreadsheet calculations or even an informal proforma that supports this meteoric rise? Do you even know if Phase 2 is underway or has ground to a dead stop? Answer: __
Clearly you are a Bearing shareholder and it has probably just dawned on you that BRGRF will never rise more than 31 times LIEG plus 10 cents max. I will bet you bought into that pig on the high side... maybe not at $1.41pps but you are probably in at $1.25 so you are standing to lose a bundle here if some major shareholders in LIEG get cold feet and withdraw their previous merger pre-vote. PS, and good luck on trying to get back the Bearing money you lent us if the merger goes south... we sadly don't have a good reputation on paying loans back, tsk tsk... that's a "challenging" problem for us but we're working on rectifying that shortfall in our personality.
I think you need to go back to your BRGRF board and pump up your fellow shareholders to inflate the stock price on your side... then things could look much more artificially rosy for you and us. You preaching to us LIEG shareholders on the LIEG board is useless. If BRGRF doesn't rise then we all sink when/if the merger infects us.
Plus you better hope the SEC doesn't render a decision that this is one big this smoke & mirrors switcher-roo... because then you are going to lose everything.
The Doctor
