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Thursday, October 14, 2021 7:52:54 PM
Here is my first impression:
1) Canada stock market is full of fast talking companies that really have nothing.
2) In the world of mining, most of them simply buy mineral rights for very little money and then hype the hell out of it.
3) They make sure they stick a good buzz word in the company title - in this case "Lithium".
4) Their goal is to generate a lot of interest: "We are about ready to get started mining. Get in now!". If they can hype the stock up they sell. If they are real lucky they sell themselves to a big company.
5) Once in a blue moon one of these companies actually does manage to do something meaningful and you can get a good company out of it.
6) In their yahoo description they cite all the "rights they own" just like all the others.
However, today they announced that they were starting a LI processing factory in Germany scheduled to go online in 2024 at the cost of mega millions.
Maybe there is something here, maybe not. I will look for more info.
In today's world 2024 is forever.
Anybody have any DD on this stock?
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