lithium australia to develop silicon anodes for lithium-ion batteries, page-127

Yes DV, detail is thin.

Generally speaking optimism has been thin before now and the cash is getting thin. But on the balance of things, it is really better to leave the hope and the glory out there than too many details that essentially will amount to nothing, because they cannot guarantee any sort of numbers around units sold and price per unit etc unless it has actually happened. 

When the financing is done, they will obviously tell us ! You simply are not going to get anything until the plan is set. You didn't expect a list of options for us to discuss on hotcopper did you ?  I know you didn't. 

All the spec stocks have to operate this way. Rules of the game. A generous and realistic hint at potential revenue can land a company in extremely hot water if it doesn't come off.

See what happened to Elon Musk when he tweeted he was going to take Tesla private. 'Funding secured'.   He was sued for 100 million bucks and lost his job !   After it didn't happen of course. 

Spec stocks get away with more but there are clear rules around disclosure as you know. Market share and price per litre sold and number of litres anticipated is probably too close to the line.

Anyway I don't think they know yet because it is really going to be the negotiations that set these numbers. Lets hope they cut a good deal. Playing it cool is the first step in these matters and I think they are doing that. 

Anyway, this company is still the classic definition of a spec. With this SP, this MC and these cash flow problems.  We are gliding along gracefully on thin ice... thin cash, thin details...

If they can paint a nice picture, keep the hopes up, avoid spilling the gruesome 'details'  and instead encourage thoughts around an upcoming impending promising deal, then they are doing a  good  job !

It is our job to decide whether we believe them.     Do you ?

No fund in the land will take a risk on a company like this.

Only the speculators like us. Speculators by nature like the risk v reward. Stupid maybe. Brilliant maybe. Based entirely on whether we win or not. 

A speculator is a person generally who is unaware of the risk, according to the non-speculator. A speculator is in fact pretty close to being a gambler.  And gambling is more about the mood altering high, than actual money.

The non-speculator is an investor. Treats all this like a savings target. Where they expect and track a 10% return each year times x years.   The magic of compound interest.  Boring.

Question for you : why would a non-speculator be interested in a spec company ? Who is the person who buys a house next to an airport and then complains about the airport. Who is that person ?  

So this is a spec company living off the dreams of gamblers/speculators.  1 in a hundred succeed. or 99 out of a hundred fail.  

I am wondering if you share those views ?

NB: Remember, potential revenue figures are a no-no. Revenue potential must be left to your imagination....but keep the dream alive...

Just for record, I seriously want this dream to come true.