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Lithium Americas Corp T.LAC

Alternate Symbol(s):  LAC

Lithium Americas Corp. is a lithium resource company. The Company is focused on advancing Thacker Pass to production. The Company owns 100% of the Thacker Pass project, which is located in Humboldt County in northern Nevada, through its wholly owned subsidiary, Lithium Nevada Corp. Thacker Pass is situated at the southern end of the McDermitt Caldera, approximately 60 miles (100 kilometers) northwest of Winnemucca, in Humboldt County, northern Nevada. Its subsidiaries include RheoMinerals Inc., KV project LLC, and 1339480 B.C. Ltd.


TSX:LAC - Post by User

Bullboard Posts
Comment by mercurysmithon Nov 04, 2017 2:30pm
318 Views
Post# 26906355

RE:RE:RE:Consolidation

RE:RE:RE:ConsolidationShare consolidation is misunderstood.  When done with a company in financial trouble (which is the case with most penny stock), it just compounds or delays the trouble.  When done with a healthy and thriving company for a legitimate reason (to add the extra NYSE listing), it is not a negative at all.  With the news yesterday, the s/p took a modest 4.39% dip.  That is not much of a dip and is well within the usual trading range.  When a NYSE listing is officially in place, this s/p will be north of $10.  What the s/p does in the next 2 trading days (before consolidation) requires a crystal ball, but longer term there is more clarity (given the history since July).  There will be plenty of buyers at these current discount prices.  Why would any rational thinker believe that taking this consolidation step in order to be listed on the NYSE is a bad thing that should be reflected in a more negative s/p?
Bullboard Posts