Bullboard - Stock Discussion Forum Dajin Lithium Corp. V.DJI

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Dajin Lithium Corp is a resource exploration company. The company is engaged in the business of acquiring and developing mineral properties. Its projects include the Teels Marsh Lithium project, Alkali Lake Lithium Project, and Salinas Grandes. Geographically, it operates in Canada, Argentina, and the United States.

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TSXV:DJI - Post Discussion

Dajin Lithium Corp. > How does having NO cash...

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Post by antigua1987 on Jul 24, 2019 12:48pm

How does having NO cash...

...affect DJI's negotiation in these situatons:

1) further developing Dajin SA assets with PlusPetrol when PP reaches is 2MM spend cap,
2) selling only subsidiary Dajin SA to Pluspetrol,
3) outright sale of DJI and subsidiaries to PP?

Thanks.

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Comment by TrueCanuck1 on Jul 24, 2019 3:18pm

What does DJI's latest bank statement show? How do you know - gut feeling?

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Comment by antigua1987 on Jul 25, 2019 9:34am

A/o Feb19/Q1, cash est $44,000CAD. Likely depleted in current Q2 - not confirmed, but Q2 #s s/b out soon. As for the scenarios - just a guess on options/outcomes. So question: where's DJI leverage strongest - 1,2 or 3? Or will DJI be rag-dolled?

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Comment by KingTut88 on Jul 26, 2019 11:10am

All good questions. I was told the COO went back to Argentina to sort the plan out moving forward. Until DJI can put news out on the position they're in with Pluspetrol the stock isn't going to do anything. Venture market is risky enough without mystery, add mystery to the story, like any thriller you sit on the edge of the seat and wait for the out come. @@ Deer in head-lights. ...more

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