Lithium Exploration Group Inc. (fka LEXG)

[alexbh2285]

How is this not bad news? You don't even have to translate from Alex Walsh speak - the goals he updates are clearly lower than past goals - he is LOWERING expectations. The prior expectations (from the 7/19 PR) were that deal documentation would be signed by August 1 with drilling to occur as early as August 15. Now they "continue to work" without a signed deal document two weeks after the goal date and the hope the acquisition occurs "by May of 2018" instead of drilling funding by August 15 (which has obviously arrived). This is at best a DELAY! NOT GOOD NEWS!
and then no timetable on commercialization but "there is no timetable for this today but we are certainly hoping to have the White Top unit put in the field before the end of this year."

When you say you have been intently waiting for commercialization sales for Q3 of this year what do you mean? LEXG's third quarter ended in June with no sales and this PR says that there will likely be none by the end of the year (They don't say that they are selling the unit in the field - based on how Alex Walsh has always spoken, this will be a test or he would have said "first commercial sale" rather that "have it in the field)." He NEVER speaks conservatively.

There is absolultely no way to say that any of this news is not worse than the expectations set earlier by Alex Walsh and LEXG. Just more delays.