Bullboard - Stock Discussion Forum Tantalex Lithium Resources Corporation TTLXF

Primary Symbol: C.TTX

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo. Its project... see more

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Tantalex Lithium Resources Corporation > Could it possibly get worse for a public company than this?

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Post by KozmoT on Dec 03, 2023 9:27pm

Could it possibly get worse for a public company than this?

Not sure if it was deliberate or accidental but when TTX released their funny PEA results they used a lithium price of $2800 for SC 5.5 FOB. As of Dec 1st the lithium price for SC6 (not 5.5) is only $1730 USD. Thats a massive discrepancy that basically makes a mockery of the whole bizarre PEA.

Then there is the missing processing plant and the missing pegmatite drilling.

And it gets worse ... as of their last financial statements they had $373 in Cash but had $2.3 MILLION in Trade Payables and over $12 MILLION in Loans Payable!!

So basically this company has ... less than nothing... and that nothing is in the Congo.

https://www.metal.com/Lithium/201906260003

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