Someone is manipulating this stock

It wasn't even possible to sell just now

Wow! Roaring!

What's the news? I only know that the last time it hit 0.0005 it jumped to 0.02

The 0.0005 mark has been hit again yesterday.

order filled

looking back at the chart, most of the time there are strong support at this level. hopefully it would go up from here

Can someone translate the San Emidio results...

in simple language?

Yes I'm prepared for that

To be frank I no longer have faith in its management, and I have accepted the possibility this of my investment may go down zero.

Just my luck trusting morons who couldn't get simple thing done after 3 years.

At least we have something to anticipate for now...

2 drilling test results await! They seem to be a bit more active after the Altura's investment, which is good, but I won't be satisfied until we see some turnaround for the stocks.

Do nothing but anger investors all year round

Can't LTUM give us some year-end good news?

Finally some activities

According to Altura Mining press release, the company who bought 15% of LTUM last week, they will drill both the San Emidio and Fish Lake properties in Q4.

We hope Altura would continue pushing them for results.

Don't get too pessimistic

Good and bad news.

The bad news is... shares are given away at a discount.

The good news is... Altura Mining now owns 15% of LTUM, plus a seat in the board of directors.

From what I noted, it is quite an active company, 4 PRs this month alone. I hope they pressure or whip up those sleepy management in LTUM to do something fast, it's what we shareholders have long wanted to.

Consider this:

Altura will also receive a free attaching warrant (option) for an additional 11,000,000 shares exercisable at a price of US$0.10 per share until the first anniversary of the completion of the transaction, or US$0.15 per share if exercised during the period between the first and second anniversaries. The shares in LTUM will be in escrow for 6 months.

It means they somehow valued LTUM shares at $0.10 in the first year, and $0.15 after that.

Altura's website can be found at: http://www.alturamining.com/

If you ask me, I prefer this than complete silent or long procrastination. I hope we will see activities soon.

There is no support for this stock

As I said before, we are all hanging on the air, the company's future direction is not clear, and if it continues to play the 'site too wet' card for another 3 years, we will see $0.01

The same thing would be told

to those Canadian investors who bought the shares. When it gets old, all you need to do is change the audience.

A good day for the markets

My other stocks are all up, but when I look at this one, it is simply depressing.

They can convert to water utility company

Today's PR: "Mr. Chapman travelled to Fish Lake Valley recently to evaluate the condition of the playa, and he reports that it is still too wet to support the weight of a drilling rig."

This place could provide miraculous cure to the severe droughts surrounding it!

Nothing much interesting about this company anymore

Many of us just want to breakeven and leave, and when investors think that, you know the management is a failure. I'm pretty much convinced LTUM can't deliver anything even for the next 3 years. Excuses? Bad weather/bad markets.

I hope so....

But to support that price it needs to be backed by fundamental news (i.e. the company has to tell us more about its activities), else it'd be back to square one in no time.

We are waiting....

LTUM, give us the result of your survey.

Blaming the market again?

That is so... typical, why am I not surprised? If you mail them again the next would be the weather. Wanna bet?

The lithium market may thrive...

but it doesn't necessary means LTUM will too, if this is their business attitude. Just imagine 3 yrs later their PR is "We have just launched our Phase II survey on the property".

We came to LTUM seeking for growth, but so far it is a total disappointment. I should had in fact, put my money on TLTHF, one of the 4 largest Lithium producer with real mines. It is up 21% this year compared to LTUM -52%

If you wish to complain, there:

http://www.lithiumcorporation.com/contact/index.html

But I doubt it will do anything good, they will either blame it on the weather.... or the market.

Rise... and fall back, as usual

It can't shoot through 8s unless the company puts out some better news. Been 3 years for now, everything is so slow it's as if nothing had been done all these while.

The latest PR eroded my confidence in this company, I was expecting a drill, but came the survey. So many years and you're still surveying the properties? Your cash will run out by mid-2013 and you're still taking your time around.

I do not think there would be another Lithium market boom like last year, not under the current global economic environment. Any stock price rally would be coming from the company fundamentals itself.

And in the email conversation, all they did was to blame the weather, and the market.... never themselves, their work ethic, and not to mention if they chose a property that can't be worked on for years due to weather, there is some problems with their mineral exploration skills.

This is a joke....

Putting up a PR saying they commenced a survey.... is another time-buying attempt. How ironic they brand the title as 'prepares to drill' when the content clearly isn't so.

It means the drill may not be conducted on spring/summer as what they had written earlier.

Fish Lake is a property they had since 2010, and they are still exploring on it. This reveals a big problem, management keeps on procrastinating, they may not be fit to run a company.

I mentioned last time I will give them until Feb, but may push forward the timing after yet another delay from them. When will this ineptitude stop?

Upside is limited if they still do nothing

As I said, the greatest enemy for this company is the management itself. There was nothing so far this year apart from disappointment such as not-so-favorable drilling result, director leaving and inactiveness.

There is no price support at the moment for this stock and whatever rally will come down eventually - just because there is absolutely no news for months now.

Summer will soon be over and I hope they stick to their plan. If there is no drilling news like what we anticipated, then better prepare for the worse to come.

Investors are expecting drilling news soon

As per their latest outlook document. Hopefully the management team won't disappoint us.

Updated company profile available for download

I received a mail from their investor relation department, directing me to download their updated company profile. You can get it at:

http://lithiumcorporation.com/index_52_3257014530.pdf

In it they are basically saying that they are not dead, exploration of the Fish Lake Valley property is on-going, and drilling is planned for late summer of 2012.

On the other hand, a drill program is scheduled on winter 2012 for the San Emidio property.

They finally have something going on, we will see about that.

This is how the company responded

regarding their Fish Lake project in the mail:

------------------------------------------------
In a normal year you can get on most parts of the playa on foot later on in June & it gets drier as time goes on (barring any real gully washer type storms) so that in July/Aug you could use an atv & by Sept/Oct it's at its optimum. We're hopeful that it'll be dry enough by July that we might be able to drive a light track mounted rig on the playa & then after we get the results from that program we'll bring a heavier machine there in late summer - early fall.
-------------------------------------------------

Your right, it's imperative they do something as it's painful for investors - you could have bailed out on April and got double the shares now with that money.

And the news is?

This company is beginning to make me feel stupid. Should have taken Russian Roulette's advice instead of holding on and witness another more than 50% plunge.

But then it was my choice, I have not much faith now that for several weeks I even 'forgot' I own this stock, like they said, invest only what you can afford to lose, oh well....

If there is still no news....

....I ain't sure how much further it would fall to. Can't really say anything good now with the stock down 53.5% YTD, in fact I'm ready to write off this of my investment, but will leave the shares till next Feb lest 'miracle' happens.

It is quite disappointing I must say, as one of my other play NGD yielded 18% in just 2 weeks. This company is inept and its officials should be made to know this.

There is currently no price support for LTUM to be frank, the only buying point is their honesty. They have differentiated themselves from other penny stocks by not doing nasty things such as dilution, reverse splits, pumping, etc. Does honesty pay? I'm not quite certain. Company promised activities will pick up soon and we will see about that.

Company has procrastinated long enough

I hope they follow through what they said in the mail, that is activities may pick up on June.

Will stick to my plan of giving them until Feb next year (few months before their cash runs out as estimated from the balance sheet)

They only need to continue drilling, sending specimens to lab, and finally put up an official mineral reserves estimation. That's all. More established company will then come partner with them to mine whatever is in there.

No offense intended

I understand emotion is running high with this stock hitting its low. Russian Roulette was talking about investment strategies, and that was my response, profits over emotion. Speaking about hurt, as if the "I'm out, I finally opened my eyes" post doesn't hurt people here.

With the info I got, I will stick to my conclusion and give them until February next year.

That's your own interpretation

To me the head of company is CEO or President. One thing for sure, the money I have in LTUM is some spare cash. I would in turn wish you best of luck if you put all baby nanocaps as main portfolio.

Though I agreed with you time is money. I do not see director leaving as good sign, and neither nor I think long period of inactivity is good for investors.

I must admit I jumped into another Lithium company known for its pump and dump when it recently began another pumping campaign. It has been good so far with 55% profits in less than 2 weeks. I wished LTUM can be like that, but it just doesn't. I have my share of frustration, but I don't go around ditching the company.

There is no point arguing further. The company has sent my buddy some private mails few days ago detailing its operation in the next few months. I would give them until February next year. That's all I would say.

Try not to give incorrect info

The one resigned isn't the head but just one of the independent directors.

I understand your frustration, the stock is down 25% year-to-date, I too feel the pain from their inactivity.

But the company has already gave its words on that they will focus on and do something on their Fish Lake property soon.

They have enough cash till mid next year, so I expect there is motivation to at least get something done this year.

Email reply from company

One of my friends emailed to ask about the future direction of LTUM, why it has been slow all these while, and what it plans on now that the company stocks hit new low.

We are pleased that they took time to write us a long email response which look genuine and sincere. I will just summarize the content.

-------------------------------

LTUM assures investors they are trying their best to move forward. They are aware that things have been slow since Oct 2010 because of unusually wet conditions which hamper their works on the properties.

The company insisted that under such wet conditions, you can't walk on the properties not to mention getting a vehicle or equipment on them. LTUM however, said that drier season is coming and they are hopeful they can quickly get back to work again.

LTUM stressed that it was never their intention last year for the company stocks to jump from 20 cents to a high of $1.92, they say that was a side-effect result of another Lithium company doing pump and dump works. LTUM wants to clarify that neither its founder, nor any of the directors of the company, their families/friends benefited from this. They did not pump and dump as they focus on the long-term future of the company.

LTUM asks investors to be patient as they are doing as best as they could to build a company that eventually will worth something in the long run - which mean from an exploratory company to a full-blown mining company.

In contrast with what was widely interpreted of their last PR, LTUM mentioned that they did not abandon their San Emidio property and they are schedule to explore further into it soon. The company though admitted that the results from other 2 properties, Cortez and Salt Wells, weren't that exciting.

LTUM says dry season is near, and they want to initiate works which hopefully will again restore the market attention of their efforts.

The company calls on investors that if anytime they feel frustrated and disappointed with the company's progress, they are welcome to call Samantha at 888-299-3989, where she can explain in great detail of what's going on, how the company would proceed in the future, etc.

Company tries to reassure us on something

LTUM knows its PR today would hit stock prices, but I like what was written in the last paragraph.

"Lithium Corporation intends to focus its efforts this year on its Fish Lake Valley Playa prospect, where the Company has received its best results to date. Lithium Corporation has not been able to drill this prospect the last two field seasons due to unusually wet conditions, and so wants ensure that it does everything possible to advance this prospect in 2012. Recent research for a 43-101 report on the property currently being written by James Chapman PGeo has uncovered a reference that indicates that the property produced two tons per day of Boron salts in the 1870’s from the area where the Company has outlined a zone of strongly anomalous Lithium/Boron/Potassium in brine mineralization (Papke, K.G., Evaporites And Brines In Nevada Playas, 1976). The company finds it quite encouraging that production of this magnitude was achieved here, and interprets this to indicate that the basin should be able to support an operation of at least this size in the future."

This can be interpreted as that the company will speed up its progress on Fish Lake property this year. It quoted a recent geologist report that the areas where its property lies on once (in 1870s) produced 2 tons of Boron/day and believed that such scale of extraction can be realized in future.

Consider 1 gram of amorphous Boron now priced at $2, 2 tons = 1.814 million grams or around $3.6 million revenues per day. This should be reassuring enough.

That wasn't good news.

They are basically saying all our new projects don't materialize so we are going back to square one, the very one which started this board 2 yrs ago - positive samples at Fish Lake Valley. They should have focused on this properties since then.

Mailed them saying they are too slow

and hasn't produce any results from their projects all these year. Will look forward how they respond.

Today's news led to LTUM nearing all time low but I believe there would be support at this level. They just need to focus on their proven Fish Lake project and not initiating something new again.

Quite typical of penny stocks like this

I too, tried to add in more under .14 but to no avail. If my experience is correct, for exploratory companies like LTUM whose trading volume isn't significant, the MM (market maker) runs the show.

Unless it's pump and dump (which LTUM isn't), the MM can artificially pushed down prices (selling those shares they already hold to each others or themselves) if they are anticipating some good news ahead, in attempt to trigger panic selling where they can then buy in more at favorable prices.

If you look at LTUM chart, the last time it went down to .12-.13, there was then this sudden spike to .25, that was... wow, a 100% profit for the MM.

Done accumulating

Wow, it took 8 days for me to fill all the shares at 0.142

Spring, the time when they are most active, is coming and I'm looking forward to that with optimism.

They are all speculating...

for the drilling on San Emidio property, which may be on either this or next week.

their response...

drilling will be commenced either this or next week if weather conditions permit.

Ok they replied my mail

Hopefully I can see some good news within the next few weeks.

It may be a real company...

But the management needs to show us they aren't sleeping at job. LTUM can be a long term play but if they go like turtle investor confidence will erode.

They didn't answer my mail and I will give them another month to tell us what they have been doing so far.