OTCPK:DSLEF - Post by User
Post by
Dtraders1on Aug 20, 2018 6:11pm
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Post# 28489418
Question?
Question?Why would DLI need that cash from the chinese deal when they have 7 124 850$ cash based on last March 31,2018 condensed interim consolidated financial statements. They will receive another more or less 3.8 millions dollars for the next shipment due this month. It will cost them 7 millions dollars for the floatation plant so they don't need the money? By the looks of the shareprice it's like the market anticipated the chinese will not invest but it's only an investment, DLI can manage by itself? Wasn't why they plan all this in 3 phases? Looks like a way to get more shares at lows price with all this fear because of the price pressure.
The overall Lithium market was down this year and yes it didn't help, you don't fight the market but take avantage of each situation.
Cheers