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Re: Toast03 post# 9012

Monday, 11/04/2019 5:23:04 PM

Monday, November 04, 2019 5:23:04 PM

Post# of 10478
Toast... to be clear I'm guessing this John K is a PR guy and all he said should be taken with a grain (maybe a pound) of salt. In the interest of looking at reality I make the following points... ONE.... it makes zero sense to consider the current Lithium price relevant our SP now, after all producing Lithium at any reasonable price would be better than only producing fracking mud AT A LOSS!!! The FS projected good earnings at two price levels, $10,000 and $ 12,000 a ton.Currently reduced spot prices fall within those parameters. TWO.....institutional investors for the most part have NO IDEA who we are and most are limited by their charters from investing in PENNY STOCK. Make no mistake, but for the reverse split we're sitting at 60cents, THREE..... EBITA stands for EARNING BEFORE INTEREST TAXES and AMMORTIZATION. We have NO EARNINGS!!!! FOUR...."management stood by what they say"..... Aug 26 2016 "stage 1 productionin 2019"....Aug 14 2018 "stage one production in 2020".....Nov 14 2018 "no delay in production is anticipated"....Aug 13 2019 "by the end of 2020".....Sep 25 2019 "in early 2021" Need I say more? Full disclosure... I've been in this stock for the better part of 10/12 years and I'm hanging on for dear life. My concern is NOT the price of lithium but the real possibility that we run out of money before we sell the first pound of lithium. PAY ATTENTION to the third quarter report due out over the next couple of weeks and FOCUS ON the CASH BURN!!!
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