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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 > Insiders continue to buy
View:
Post by LongRoad on Mar 06, 2018 9:37pm

Insiders continue to buy

Filed at sedi.ca today.

Bassam Moubarak purchased 58,500 shares at $2.19 today.

These guys are transparent and have told the market what will happen and how they will profit from it, yet the majority of traders don't believe them.  Thus, the very wide arbitrage.
Comment by wilwal on Mar 06, 2018 11:37pm
Investors believe them, but they also know that LIX management doesn't control the process, the Chinese financiers do.  Anyone who has experience on the selling end of a Chinese deal knows that risk of not closing is elevated.  Current price means investors are adamant that there will be an extension, then a possible repricing, hence the current discount.  Hopefully though, all ...more  
Comment by Pivotcatalyst on Mar 06, 2018 11:52pm
Management circular page 41 they are actually doing exactly what they said they would and will finance as originally planned by the 9th or the $20 million belongs to LIX Not an opinion on what will happen but this is how it was laid out in the circular All the same we know Friday at latest
Comment by MPetersen on Mar 08, 2018 10:05am
Wish I had more liquidity right now. A quick 15% return isn't bad considering the current volatility.
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