Post by
lithomon on Oct 20, 2022 1:28am
Goldman & Royal Bank Funding FL's Lithium Mines
At $34.50 per pound "spot" Lithium Carbonate (China price), if FL can swiftly get to production, the revenue and profit will be huge and FL's "share buy-back" program can realign the share structure of any earlier financings that were done at lower prices down here at the low $2's.
That is, if FL doesn't get bought out, down here at these sub level share prices by the likes of Piedmont Lithium, Lithium Americas, etc, with substantial market capitalization to grow by acquisition.
Having the 2nd largest investment bank in the world (by revenue) and Canada's largest bank (by market capitalization) aligning themselves with Frontier Lithium's pre-construction high grade Lithium mines probably sends a message of project strength going forward.
Comment by
FrankCowperwood on Oct 20, 2022 4:53am
Goldman Sachs buying on its own book is the best quality stamp in the world. I've never heard they made something like this with such low mcap mining company. I see things can get more interesting and faster from here!