So who is that person?
If you make a comment like that you should back it up with some evidence.
I could easily say I have had a few conversations with one of the largest Lithium players in the market and they recon the company will be taken over within the next 12 months at a huge premium to the current SP. It wouldn't be true but it sounds good.
I don't dispute that the company has been managed very badly and that they also have serious cashflow problems but at the end of the day they still have a huge Lithium deposit that someone will eventually make a takeover bid for.
Everyone knows that the company will never construct a full operating mine and start producing.
The end game here for the company is to get enough drilling results done to convince a Chinese company to make a bid for part or all of the deposit/Company.
I agree this is a hugely risky stock which is why I only purchased a small holding in it last week but it does have massive upside potential as well so at this SP level it is worth the risk.
