RE:RE:Lithium
First of all CLQ or Canada Lithium has not existed for several years.
The company was bought out and turned into RB energy or RBI
RBI managment thought they could succeed where the inept management of CLQ failed.
The problem is they ran out of money trying to upgrade and fix the plant. There was a lot of trouble if memory serves me correctly in producing Battery Grade Lithium......the kind of stuff needed by Tesla.
I also believe there is 100's of millions of dollars in debt outstanding on this company.
If GER can somehow work out a deal to get this debt wiped clean and then get someone to finance the startup of the plant, and hire the right people with the knowledge to fix the problems with production, then this stock will sore.
It is a very tall order
imho
they would have to succeed where two other companies have spent 100's of millions of dollars and failed.