Neo Lithium Corp V.NLC

RE:RE:1,50$ after the financing news

[neosceptic]

I do not think ..45-50 is a base. It is just lowest week average ever. For those investors who get in buying on .50 it is a tax base at the best, but 55-60M cap is ridiculously low, deduction cash it leaves 30M for one of the most successful brine Li project in the world. 

They have 1M resources, but it by far not even close to what they actually have. This is just result of 3 year work, and total resource can increase by 10 folds with more pumping tests, resource updates, and increasing recoverly rate.

100M cap is very low and won't be long. Potential dilution is another story. You mentioned LAC, but they sold 50% of project for 25M and now they have nearly half billion cap. 200M for 50% would be different story. I do not what to expect, as long as big name is booked, project development will be guaranteed (unless problems with gov't). 

I would manage expectations and do not expect anything more than $1.10 after the signing (unless it is super-deal like ORL had). NLC is not good stock for speculators, it need patience and I am happy with volume. Many of  those who bought at very low, now exiting creating new phsychological minimum.

The long term waiting is essentially over, considering 2021 is so close (most likely turnaround time, as strong demand, especially from Europe is about to spike) and rock suppliers frozed their expansion plans. Now, we are talking mid-term.

Good luck!