RE:LithiumLIX needs to provide an update on activities in SDLA, re-confirm their guidance for a feasibilty study in Q4 of this year and progress on the pilot ponds. In this buoyant market for lithium stocks, positive developments could very well shoot the share price well beyond $3.00, which could translate into an additional $9 million dollars worth of LIX shares to Aberdeen. This is for a company with a market cap currently hovering around $12-13 million!
In light of LIX's appreciation, the possibility of an additional 3 million LIX shares worth $9 million, not to mention what that would mean for their 1% NSR on SDLA and all their other holdings, good ol' Aberdeen continues to languish around $0.13 a share. I believe in the assets of the company, and I don't think anyone on this board would disagree it is undervalued. The level of scorn and distaste for this company is unparalled. Whether you agree with Ceetong and others about why that is, there is no other way to put it, investors have extremely low expectations for this company.