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Bullboard - Stock Discussion Forum LITHIUM X ENERGY CORP V.LIX

"Lithium X Energy Corp is a lithium resource explorer and developer. It is focused on supplying the lithium battery industry. The company’s property includes Sal de Los Angeles lithium-potash brine project (the SDLA Project), in Argentina's Salta Province."

TSXV:LIX - Post Discussion

LITHIUM X ENERGY CORP > Seems like they got their lic suspensed.. No shake down
View:
Post by Munny23 on Sep 22, 2017 2:09pm

Seems like they got their lic suspensed.. No shake down

https://incakolanews.blogspot.ca/2017/09/just-in-case-youre-wondering-about.html
Comment by buyhold on Sep 22, 2017 2:42pm
I am not buying that they lost a license. A blogger in south america who has a personal issue with the team starts these things and if it was true the compnay would have to come out and state it. he also said he has video proof lets see it.. i think he scared everyone to sell and it goes over 2.00 next week.
Comment by Munny23 on Sep 22, 2017 2:48pm
I hope your right.. I got carried away buying this dang thang.
Comment by mercurysmith on Sep 22, 2017 3:00pm
This is what drives retail buyers like me crazy--clearly if their licence was suspended in Argentina, this is a huge material fact that must be immediately disclosed to s/h's, but they chose to not disclose, and I bought, without having that timely material disclosure.  I have now sold because I can't trust management now.  There should be real consequences for when management ...more  
Comment by Luc1961 on Sep 22, 2017 3:02pm
...yes, I'm thinking the same Buyhold. Seems far fetched. LAC is also down today over 7%. Does that mean they also blew up a well and got their permit suspended? I think not. Probably best to await news from the company rather than work on speculation (although everyone will evidently make their own decision). In any case good luck to all..!
Comment by LithiumNPV on Sep 22, 2017 3:09pm
Nobody really knows if a well blew up and if the license is suspended. Fascinating. If the company finally comes out and admits it the stock is going below $1.50.  I would buy at $1.25.
Comment by LithiumNPV on Sep 22, 2017 3:11pm
This is why you will get burned if you buy just 1 or 2 stocks. You need at least 5 to protect you from this sort of thing.
Comment by loupup on Sep 22, 2017 3:35pm
I think the shake down started before the license rumor. We need confirmation about the suspension from more authoritative sources. Before then, I'll hold...
Comment by LithiumNPV on Sep 22, 2017 3:40pm
I'm always afraid of buying a stock with 3x price to book anyway.
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