Advantage Lithium Corp AVLIF

Metals & Mining Industrial Metals & Minerals

Advantage Lithium Corp is engaged in the acquisition and exploration of lithium properties. It operates in single segment namely the exploration and development of unproven exploration and evaluation assets. The company's principal business objective has been the identification and evaluation of companies, businesses, properties, or assets with a view to acquisition or participation therein. Its projects include Cauchari; Incahuasi; Guyatayoc; Antofalla; and Clayton.

OTCQX:AVLIF - Post by User

Advantage Lithium Corp > Waiting for news re cash raising

<< Previous

Bullboard Posts

Next >>

Comment by smilingmickeyon Jan 10, 2017 1:45am

141 Views

Post# 25686805

RE:RE:RE:RE:RE:RE:RE:RE:RE:Waiting for news re cash raising

Target 10,

I've had my finger burnt a few times before. I'd rather invest in AAL at $1 plus, with confirmation of the funding in place. ORL is in the driving seat since it owns the exploration rights to the properties.
There has now been a long period of time betwwen the deal being announced and I find it surprising that no RNS has been issued confimring the funding, without which the deal will not proceed.
The deal is very attractive to ORL because they get the exploration funded for free but maintain strong control of the resource via the 30% plus stake in AAL If AAL can't raise the cash some one else who may have a better source of funding will, with a similar deal.

<< Previous

Bullboard Posts

Next >>

Debt-free cannabis company set for next stage of growth