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28/05/17
18:09
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Originally posted by dion222
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Pros:
- great cash position, should be around $15m at end of quarter
- plus another $3m to come from sale of Lynas Find to Pilbara minerals
- maiden 10Mt JORC resource of 1.0%+
- Portugal resource expected to grow in coming months, 15Mt IMO
- Also have tenements in Sweden which they are currently exploring
- Swedish tenement show good 'Spodumene' Li historial results
- One tenement is called 'Spodumene Mountain'!
- Portugal govt seems to want to get Lithium mining underway in the country
Cons:
- Management not always prompt on reporting results to SH's IMO
- Management are not heavily invested, i.e. majority are retail holders
- Bad taste left with SH's after the sale of Australia Lynas Find resource
- Portugal resource contains petalite, market not convinced about it and would prefer Spodumene
- small dilution expected (under 5%) with issue of performance and Lynas Find Tranche 2 shares.
Catalysts
- Met results from Portugal which are due any day now
- Could be a major upside if Sweden tenements prove to be worthwhile
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Management not heavily invested....dont like that in a stock at all ..... that is definately a con, but seems tobe the only major fly in the ointment here