RE:American Lithium (LI)Ioneer well over 700M market cap and their project may be a dud.
"In Nevada, the death of the Tiehm’s buckwheat flowers at ioneer’s proposed mine site remains a point of contention. The U.S. Fish and Wildlife Service has theorized that thirsty squirrels may have gnawed the roots of more than 17,000 flowers for water amid a drought in the state.
The Center for Biological Diversity, which opposes the mine, said there was evidence that humans destroyed the flowers. “The targeted nature of the damage, combined with the lack of feces, pawprints, hoofprints, or other evidence of wildlife suggest human involvement,” the group said in a court filing.
The Fish and Wildlife Service is now set to rule this summer on whether the flower is an endangered species - a designation that would prevent development on much of the land ioneer is trying to mine.
Ioneer has hired scientists to move the flowers to a new site, though it’s unclear if that process will succeed. “We can extract this lithium and also save this flower,” said James Calaway, ioneer’s chairman."
We're also in the red for the day.
yakattack wrote: LI up 20 cents today..... 400M market cap..... nearly 3x CYP's.....
We're just floating along here ... looks like the funds from the placement have sold short (until it closes hopefully)... then will let it ride back up.
We get more promotion from the CEO of Noram in the Crux interview than we do on our own....
What is it going to take? This is getting beyond absurd. This should be above 6-7 CAD dollars right at this very moment... and $10-14 post pilot.
Starting to get really frustrated after a few years of this.