Replies to post #9752 on Lithium Americas Corp (LAAC)

[dickmilde]

It's a standard business model that mining companies need a lot of cash to start a mining operation.

Hindsight is always 2020 but when it comes to mining raising money is part of the deal.

In July of 2017 I pointed out that LAC will likely see ONE BILLION SHARES before they produce any lithium. That was before the reverse stock split 1:5 so in todays numbers we're talking about 200 million shares... Not too far from that now. Some people will say "So what ". The problem with that is as the number of shares continue to increase the price earnings ratio goes ballistic. Mining companies don't sell for 500 times earnings like a high tech startup.

See the previous post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132750295&txt2find=billion