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Point 5 - Are there really heaps of shell companies on the ASX...

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HAC30

5,127 Posts.

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22/08/18

19:56

Post #: 35106032
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Originally posted by Nodollars ↑

It’s honestly a joke the amount of people coming in here and just talking udder crap.
I’ve seen posts from people saying “I would be re thinking my position after these results”
I’ve seen another person say now that 4CE is going to be the first lithium junior to become bankrupt.

Those coming in here and claiming this is a sell based on some hand auger drill holes is ridiculous. The augers were used to identify the peg width and length. They drilled from 1-3 meters max. And if you look at the mapping pictures they were drilling on the outskirts of the peg to identify where it ended.

So those who sold because the peg came back with nothing... What the F*ck do you expect? If you think that these forums don’t change peoples opinions on whether to buy or sell you are wrong. I know personally of 2 people today who sold after holding for 6-9 months for a huge loss on almost 1mil shares each. They couldn’t take the amount of Sh”t that was being talked about and didn’t beleive on why they invested anymore.

A few points about the current drill program that all these “specialist know it alls” keep coming in here and only telling half the story..

1: kanuka was always unknown as to what was under the ground. It was always a gamble and we still don’t know. We have drilled in random spots and only 1-3m deep to test peg extension. We will know more after the rc results come back and even more after the dd results come back.

2. Kanuka is only 20% of the drilling program with the other 80% being over at kitotolo. If anyone actually bothered to read the announcements before they came in here claiming to know absolutely everything. You would see that the rock chip samples and trenching samples from kitotolo were similar to that of AVZ and if not better in some spots with results coming back showing weathered samples ranging to over 2% lithium (spodumene).. Ohhhh what??? There is spod, why is everyone saying to bail that there is nothing!!!??

3.4CE is fully funded for the entire drilling program even the 80% over at Kitotolo!! So even if we don’t hit anything at kanuka (highly unlikely) we are going to hit something at kitotolo and once we do the share price will not be near here so CR will not be an issue.

4. 4CE already have mining licenses for both premises, so there is no problem or issue having to acquire them later.

5.The current MC is almost sub 10mil. It is actually a joke the price it is at now. There are sooo many other shell companies listed on the ASX without a project with MC double this..

Before you listen to these experts who claim to know everything after reading 1/5 of a company announcement do your own research. I’m a buyer at these levels and IMO in 2-3 months the SP will be well north of here.
Good luck everyone, and to those who sold good luck to you also, I know a lot of people are scared and hurting right now.

This is IMO DYOR.

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Point 5 - Are there really heaps of shell companies on the ASX with a market cap above $20m? Id say there isn't. The only ones I can think of are ironically Brewer plays....

4CE Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
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