When this share was Lithex I had already made a bundle with the jump in lithium prices and I was happy with what I had made or done with my Portfolio.
I originally invested in Lithex as a short term get in get out make a little bit here or there and move on.
Then the first rumblings of the name change and what the name change would entail and I must admit I got excited and then broke my first cardinal rule and that is DO NOT INVEST in an asx listed company if it is owned and run by an overseas company as a long term investment as this in my opinion is a huge mistake due to manipulation and other factors I personally have seen.
Secondly look at the chart and how it looks since it became UTR, Its a shocker and something I would not touch with a barge pole.
Thirdly there is nothing even remotely significant with the new technology being pushed as far as i,m concerned. UTR is making batteries for some company in Israel for mopeds, to be honest big deal its not with the new battery technology, A MOU with Leclanche, Whoopy, all it says to me is Leclanche will see what happens, it means nothing as UTR literally as of this time has made no progress except on paper and as for the drone industry and battery technology they may as well say they have invented a new type of propeller and its in the early stages of whatever as until you have a going concern it means nothing.
The only winner I can see at the moment is the pay cheques the owners are giving themselves.
So Mr Kobi put your money where your mouth is take a pay cut or buy me out at what I bought in for if your so enamored with your company and technology that may or may not in fact work.
I,m not holding my breath.
This is a dud and going nowhere anytime soon
And if i,m wrong, When you gonna tell me Kobi