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Century Lithium Corp V.LCE

Alternate Symbol(s):  CYDVF

Century Lithium Corp. is a Canada-based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, United States. The Company is engaged principally in the acquisition, exploration, and development of its mineral properties. The Company is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its lithium extraction facility in Amargosa Valley, Nevada. It is focused on being a domestic producer of lithium for the electric vehicle and battery storage market. The Clayton Valley Lithium Project is located in Esmeralda County, in west-central Nevada, United States, immediately east of Albemarle’s Silver Peak mine.


TSXV:LCE - Post by User

Bullboard Posts
Post by jensen383on May 11, 2009 5:26pm
406 Views
Post# 15984548

Current Sales Price

Current Sales PriceJust looking at the AGM material. From the way I read it management will be approving the option plan and granting additional options to management/directors. It goes on to say that the price will be " the Discounted Market Price" which is generally a discount of 15% to 25% from the most recent closing price.

I assume that the options are granted at the AGM and therefore priced based on the May 20th sp. It certainly would be in managements best interest to keep the sp as low as possible (love those $0.15 options). I think that is why the management has stopped the "hype" and optimism we have heard so much of in the past and why we probably will not be getting any news before the AGM.

If my facts are wrong feel free to correct me.
Bullboard Posts