Neo Lithium Corp V.NLC

Primary Symbol: NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > LAC performed similar step day yesterday

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Comment by tiger6301on Jan 21, 2021 11:15am

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Post# 32344871

RE:LAC performed similar step day yesterday

Hi Neo,

Agree with you that any development componies need to go through this process by either through Debt or Issuing new Equity. The main test for the management is how to MINIMIZE share dilution!

My point is that we have a strong wind on our back, and we can walk our SP much higher through a series o Positive news, and raise money later on. The money raised is not enough for the Pond Construction, and it is costing $160 millions.

It seems there are strong interest in NLC, and I was planning to buy more, but the SP didn't come down enough for me, and I always have too much.

tiger

neosceptic wrote: Share prices before the halt, $26
Offering $22 (15% dillution)
Share price after the halt: $22.23
Today share price: $22.60

LAC had enough $ for the stage one production, now they have for the stage 2.
It is short term pain for long term gain trade off.