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Imagine Lithium Inc. V.ILI

Alternate Symbol(s):  ARXRF

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in 2023. Imagine has launched a property wide exploration program on the ~18.8k ha Jackpot project.


TSXV:ILI - Post by User

Bullboard Posts
Post by riddlethison Apr 02, 2009 3:34pm
756 Views
Post# 15892012

Normal reaction

Normal reaction
...to an ongoing drill project.

Some (including myself), may have thought they were going to hit a 120m wall of coal
on the first hole, but this is an exploration of the area that coincidentally hosts huge coal deposits.

The news release says that they haven't given up in this area, and that they are moving
the drills to what their geologist thinks is a better drill area during phase 2.
As stated in the NR.

"The Companies consider this Phase I program a success in identifying
the existence of coal on the Property, and after receiving coal rank analyses,
plans to locate additional drill sites further north and west on the Property..."



Sounds to me that this is at a price to be accumulated.

According to the insider trades,
The president, Mr.England, certainly thinks so, with the buying he has done within the last month.


==========================================================

Mar 12/09 Mar 12/09 England, Michael Bruno John Franz Direct Ownership Common Shares 10 - Acquisition in the public market 3,000 $0.140
Mar 12/09 Mar 12/09 England, Michael Bruno John Franz Direct Ownership Common Shares 10 - Acquisition in the public market 7,000 $0.130
Mar 11/09 Mar 02/09 Nikitovic, Olga Direct Ownership Options 38 - Redemption, retraction, cancellation, repurchase -50,000  
Mar 11/09 Mar 02/09 Nikitovic, Olga Direct Ownership Options 50 - Grant of options 50,000  
Mar 10/09 Mar 10/09 Nikitovic, Olga Direct Ownership Options 50 - Grant of options 100,000  
Mar 10/09 Mar 02/09 England, Michael Bruno John Franz Direct Ownership Common Shares 10 - Disposition in the public market -30,000 $0.150
Mar 10/09 Mar 03/09 England, Michael Bruno John Franz Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.120
Mar 10/09 Mar 02/09 England, Michael Bruno John Franz Direct Ownership Common Shares 10 - Acquisition in the public market 2,000 $0.130
Mar 10/09 Mar 06/09 England, Michael Bruno John Franz
Direct Ownership Common Shares 10 - Acquisition in the public market 48,500 $0.125


Riddlethis
Bullboard Posts