RE:RE:Australian Way to Raise Money & Build a MineThe Liontown financing was odd even for Australia. When I first started investing in Aussie stocks it was 1967 and it was hard to get my head around companies having billions of shares and share prices at a dollar or less. My first purchase was an odd named co called Broken Hill Proprietary (BHP) which is now the world's largest mining company. It is rare for an Aussie co to give their shareholders a 50% bath with a large stock price discount. A mgt dilutes the heck out of ownership but seldom goes lower than a 10-15% haircut on price. Liontown to me is suspect just by looking at the complement of housing units they have on the pproperty. Go look at PILBF and notice how sparce the housing units are and how prominent the mine aparatus is.
The Aussie press seems to be saying that the price collapse and Albemarle exit may have more to do with the 19.4% stock purchase by A's richest woman. Aussies historically really discriminate against women and Aussie miners have more bravado than Texas cowboys.
PILBF, Core Lithum and ALKem are carefully managed operations but each has a huge stock float.