Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by rickydee82on Jan 08, 2016 6:27pm
75 Views
Post# 24442047

RE:RE:Housekeeping PR from AIX

RE:RE:Housekeeping PR from AIXseems like 20%dilution to complete transaction of the 2 concessions. The bright side of deal is the recipients of shares are taking payment in stake in company and it is in their best interest to see the company succeed to maximize their share value.   However I do not know if there is a share lock out period in which they cannot dispose of their shares until certain amount of time elapses. Also does anyone know if they are considered insiders and have to file forms for sale of shares or are they exempt from that. Regardless dilution is to be expected at this stage. Certainly more dilution to come to finance drilling, unless somehow get debt facility or create convertible debenture, which is unlikely. The current best outlook for existing shareholders is for some sort of deal with LIT, or for a TO offer from BCN/REM. I'd be quite sure they are keeping a keen eye on AIX, now would be the best time for them to take over as we have not added much value to the properties, drilling would certainly do that. It is in shareholders best interest to drill, come up with good resource amount and come up with PEA, this will be costly in dilution but would bring the best value over a longer time period.
Bullboard Posts