GREY:NMKEF - Post by User
Post by
Steamoon Oct 25, 2017 12:05pm
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Post# 26856376
Managing Expectations
Managing ExpectationsPersonally I don't think we're going to get financing news this week or next. On Oct. 10 they indicated that it would take 3-4 weeks to build an inventory of lithium sulfate to begin processing into battery grade lithium hydroxide. So maybe we'll get another update once that's happened and processing has started. Or maybe they'll wait until the lithium had been processed and samples sent to clients. Which could take another few weeks I'm assuming? If financing is imminent that means you've got creditors or investors that aren't willing to wait a few more weeks to see the samples before forking out cash. Seems unlikely to me. I'll be more than happy if they can just obtain all their financing needs by the end of the year.