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Bullboard - Stock Discussion Forum Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

"Frontier Lithium Inc is a Canada-based mining exploration company engaged in acquisition, exploration, and development of mining properties. It focuses on elements like lithium, tantalum, rubidium, and cesium by exploring for lithium, cesium and tantalum classified pegmatites. Geographically it operates in one segment, Canada. Its main project is the PAK lithium project."

TSXV:FL - Post Discussion

Frontier Lithium Inc > What's next?
View:
Post by ridethewinners on Feb 17, 2024 10:25am

What's next?

There has been 70 MILLION shares issued in the last 4 years.
Once again FL is out of cash, and needs a LOT of it.
Insiders cannot fund this, they got the company into this mess by not raising the needed capital, but they have not chosen to buy any shares, even at these depressed levels. No moral support even, just silence.
How exactly is FL supposed to raise the $300 MILLION they need for the reduced phase 1?
The better the asset actually is, the worse management looks. 
Perhaps a realistic plan would be an idea, some thing that shareholders could believe. 
At least that would be an excuse to issue more share options.
3 months ago I thought this company could be acquired for $1.75 per share. I think today it would be 
far less, perhaps $1.30  The real question is the quality of the asset? is it as good as we all think? 
So far, the market says no. That is very concerning. And no drilling results coming to bolster the resource.
Comment by Margin321 on Feb 17, 2024 10:28am
I don't think it will go well is if the only progress for 2024 is a few more drill holes.  They need to advance the project in a big way. Bridge and road financing by government would be a step, important but not enough by itself.  Could set the stage for other ,oves like a JV or a partnership based on an off take agrement.
Comment by DoggerJT on Feb 17, 2024 11:18am
I don't understand why we're all waiting for some big announcement in the next few months. I can see that little ones are likely to come but as we all understand, the company has zero control over the timing of the Berens River Bridge financing announcement. That announcement is huge, especially in the context of the warm winter we're having, the type that extremely shortens the ...more  
Comment by diabase1 on Feb 17, 2024 7:37pm
Pirie specifically mentioned the Frontier Lithium deposit in Northwestern Ontario, owned by a company which has set up its head office in Val Caron.  "And that's what we want. We want the head offices to stay here. We want the value-added industries to stay here, because this is where it should be. We have the ability to sequester the carbon. We have the opportunity to be the ...more  
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