Neo Lithium Corp V.NLC

RE:RE:How does it work ?

[supersceptic]

That was actually expected.
PEA was built on known material and produced no surprises. I was concerned that mine will be 15 years, they expect 20.
Quite conservative Li prices.
The financing is also not surprising, they got premium for amount 20M. Would NLC sold 10M shares on open market, shares could drop to $1.50
If NLC would work on financing in August - Sept. next year, when cash is nearly burned (FS cost a lot, and contingencies are normal) investors would get nervous expecting large dilution.
Also, we do not know future fluctuation, if Li prices will go down, problems with pump tests (need double expenses, but s/p down = double dilution...) etc.
So, we have $35M extra cash and 125M shares.

It is future promotion what matter now. We have PEA and about 60M of cash on hand (very attractive for future investors, presuming not much near term dilutions).
If pump tests are successful, eco assessement done, and evaporation work as expected, in 4 - 5 month we will have nearly de-risked company financed to FS with $ reserves.

I expect one more dilution like this in May-June and another, large scale 70% more shares for financing (if go alone) in 1.5 year, or partnership/buyout then.