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Noram Lithium Corp V.NRM

Alternate Symbol(s):  NRVTF

Noram Lithium Corp. is Canadian junior exploration and development company. The Company is focused on advancing its Zeus Lithium Project (Zeus) to production in Nevada. The Zeus property is approximately halfway between Las Vegas and Reno; and within two kilometers of Albemarle Corporation’s lithium brine producing operations (Silver Peak Mine). The property is comprised of 1,133 hectares which is the equivalent of 2,800 acres. Zeus consists of approximately 146 placer claims and 136 lode claims. The perimeter of the Zeus claims is located within 1-mile (1.6 kilometers) of Albemarle Corporation's (Albemarle's) lithium brine operations. Lithium is produced at Albemarle’s plant from deep wells that pump brines from the basin beneath the Clayton Valley playa.


TSXV:NRM - Post by User

Bullboard Posts
Post by bargnhillbillyon May 17, 2017 11:32am
739 Views
Post# 26254962

Reverse Splits

Reverse Splits
It's a way of making a stock nobody wants look good temporarily. A 10 to 1 rollback is usually the kiss of death. The stock generally doesn't recover. I have had that happen to me probably 5-6 times over the last 20 years. It's always a loser. Last Thing, When the reverse split occurs. There is a few days where everybody else can sell but it will say you don't own this security.. All the while, you can see everybody selling but you can't! Say this rolls back @.02 This will open .20 but by the time you have to wait 3-4 days to sell it will be lucky to be .10 Say you bought $3000 worth of NRM and go thru the split. Now you have $300. left. One tenth of your shares and it will fall right back to what it was before. After you wait your 3 day wait at split and it goes to .10 Then you have $150. left of your investment. That's the way it's worked for me in the past. I lost $2000. today. Sold all my NRVTF @.02 U.S. side. I will never buy this again. The trust is gone! I posted this to let you know what's a head. Wishing somebody had told me this years ago. Best Of Luck to all shareholders! Final Post...
Bullboard Posts