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Stria Lithium Inc V.SRA.P


Primary Symbol: V.SRA Alternate Symbol(s):  SRCAF

Stria Lithium Inc. is a Canada-based emerging resource exploration company developing Canadian lithium reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries. The Company's projects include Pontax Central Project and Jeremiah Project. The Pontax Central lithium spodumene pegmatite dyke (LSPD) project is a joint venture project between Cygnus Metals 51% and Stria Lithium 49%, whereby Cygnus can earn up to 70% interest in the project. The project has approximately 68 contiguous map-designated claims, having a total area of 3,613 hectares (ha). The Jeremiah property consists of around 12 titles for a total 683 ha. The property is located near the village of St-Mathieu d'Harricana, and accessible through private forestry roads. Its Romer Polymetallic property consists of approximately 57 contiguous and two isolated map-designated mining claims, having a total surface area of 2,592.1 (ha). The property is an early-stage exploration project.


TSXV:SRA - Post by User

Comment by roaring20son Feb 24, 2021 11:13am
181 Views
Post# 32646834

RE:RE:RE:RE:RE:RE:RE:Already bidding a dollar

RE:RE:RE:RE:RE:RE:RE:Already bidding a dollar

Read through as much material I could find including old updates issued to sharhdolers by Grafoid. I come up with 53m post stria closing shares. I have not seen any financings announced since a raise several years back. They had to secure loans to build out the business from then to now. If it were raises prior investors had to be notified. As you put it it's anyone guess. I noticed Grafoid has sold some of their bes holdings at low prices. Indicated to me they are out of the battery business and focused elsewhere. It wasn't about price but more about direction. Post those sales they still owned around 10 million shares and over 4 million warrants at .18. Assuming they sold some recently I would put their current cash position somewhere in the 10 million range. I could be way off. If they secured debt to advance the business from 2018 to now they would try to eliminate this prior to closing. Again could be way off.

I come up with a post closing share count of 85 million. I assume they converted the debt to shares at 1 dollar if this is possible. They should have 15 million in cash and 5 million bes shares in the bank post closing. Based on the video they have next generation water technology. I looked closely at the markets they are targeting. They're rather large with few competitors with long lead times to enter. They have a competitive technology advantage plus time. It's ripe for a major move. They are exclusively focused on water and graphene as the video indicated or I am way off. 


If I am anywhere close it doesn't matter if they open at 1 dollar or 2 dollars it's worth 5 dollars everyday of the week and why I want in. If they execute well this is a gerational opportunity. 

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