Desert Lion Energy Inc - Ordinary Shares DSLEF

Sellers

[cedarguy]

There are seed investors with 20 cent and 50 cent cost base shares.  Their shares have come off restriction these past many months, with the 50 cent shares all free trading now.  Don't confuse technicals with fundamentals.  There are technical reasons for the selling (supply of low cost shares being dumped in the market by profit takers).  When the seed investors at 50 cents bought in during 2016 it was not assumed or even acknowledged that there was a huge stockpile of lithium concentrate worth tens of millions of dollars. 

With a $40MM market cap, this stock is undervalued.  I hope the seller(s) dumps more stock, as it is an opportunity to load up for serious lithium investors.  The last private placement at $1.82 fdone last December is based upon private market valuation using DCF, etc.  There is no reason for the shares to be at 73 cents based upon any reasonable valuation model.  There is a new or updated presentation on the investor tab of the company website.  

BTW - I suspect insiders are not able to buy due negotiations related to the extension of the Chinese option to buy 15% of the company.   Also, if there were any ominous operating issues, they would not have been able to attract a seasoned veteran as their COO.  Huge positive.

I am long this stock and have been buying recently.  Unless we hear news to the contrary, the stock price is a gift at below $1.00