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Frontier Lithium Inc V.FL

Alternate Symbol(s):  LITOF

Frontier Lithium Inc. is engaged in the acquisition, exploration and development of lithium mineral properties in Ontario, Canada. The Company is engaged in a pre-production business with a focus to be a strategic and integrated domestic supplier of spodumene concentrates for industrial users as well as battery-grade lithium hydroxide and other chemicals to the electric vehicle and energy storage markets in North America. The Company’s flagship asset, PAK Lithium Project, located about 175 kilometers (km) north of Red Lake, Ontario in the Red Lake Mining District and encompasses close to 27,000 hectares (ha). It also has two other spodumene-bearing discoveries, such as the Bolt pegmatite, which is located between the PAK and Spark deposits, as well as the Pennock pegmatite, located 25 km northwest of the PAK deposit within the project claims. Its lithium products include spodumene concentrate and lithium hydroxide monohydrate.


TSXV:FL - Post by User

Bullboard Posts
Comment by Allthewaydownon Mar 14, 2019 9:20pm
144 Views
Post# 29488777

RE:Does anyone have any idea?

RE:Does anyone have any idea?NAI500 is a paid promotional service that elevates the marketing presence of junior companies, especially toward Chinese investors. The post we just got from them on this board is part of what they do. They create the interviews and post them where they will be visible to people who are looking into the company. Mr. Walker presented in the NAI500 general investor forum in Vancouver, January this year. Thus Frontier has for the first time started to actively promote themselves through a paid service.

Typically the larger Chinese investors could not care less about exploration plays. They want to enter at the point where there is a defined resource, preliminary permitting, a feasibility study, and the only thing missing is capital. That's when they get involved. Marketing to them before this point is premature unless the company does intend to reach the prerequisite level of development this year, which is where the evidence is pointing. 

As for why the price has plunged, the stock is very illiquid. When somebody tried to buy in a month or so ago they pushed the price all the way from $0.35 to $0.47. When somebody tried to sell this week they pushed it from $0.40 to $0.32. If they tried to quickly buy back the position they just sold, it would be back over $0.40. In both cases the volume was negligible (much less than 1% of the float). Attributing meaning to these fluctuations is futile. The events can be summarized as "a person tried to buy" followed by "a person tried to sell". Not a trend in either case, just isolated transactions in an illiquid market.
Bullboard Posts