Desert Lion Energy Inc - Ordinary Shares DSLEF

Question?

[Dtraders1]

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

[Red_Deer]

DTraders__once again you seem to be forgetting that this is just another Forbes & Manhattan play__which means EXCESSIVE Management/Insiders Compensation, Bonuses, Options, etc. Cash just seems to do very unusual things in the F & M world__so whether DLI has enough remains to be seen eh? For example the CEO pulled out $250 K Base Salary PLUS another 250 K BONUS__as reported in the

[Red_Deer]

So DTraders__looks like Your QUESTION has been answered__in that the latest quarterly financials state that only $750,000 of Cash was left on the books @ end of June__which is a LOT LESS than the $7,124,850 Cash you Posted here just 2 weeks ago eh????? Wonder WHERE or WHAT all those dollars have been used for eh?

[ceetong]

In any case, the money is gone. And fresh money must be obtained quickly. BTW, did you notice they sell the dirt for a measly $55 per tonne? LOL, I guess I know why they do not report costs separately. Imagine they have to dig it out, process it, transport it and all they get is $55 per tonne. And an outfit like this was valued at $100 million. Shaking my head in disbelief. Didn't they know