Advantage Lithium Corp AVLIF

Waiting for news re cash raising

[smilingmickey]

We've seen a big drop in  the share price of AAL  since the news of the plan to raise (for a junior) a large amount of cash for exploration in Argentina.
On the face of it, they have a great deal with Orocobre but maybe conservative bankers will  be wary of the political scene in Argentina given the long term nature of the investment.
As part of the deal AAL has to issue new shares foc to Orocobre amounting to more than 30% of the equity so a sizable dilution.
Given that Orocobre's partners in their recently completed lithium production in Argentine are Toyota who need a secure supply of lithium, you would have thought that there might be some arm twisting to ensure that the cash raising is successful. The question is at what price? Maybe AAL are being hung out to dry.

[baccanal]

read the news before posting garbage smilingmickey

[smilingmickey]

Hello Baccanal, I guess apologies may be due but I havn't seen any news release which advises that the latest cash raising axecise has been completed. The RNS released yesterday said  "The Company has also completed an international investor roadshow organized by its bankers for the purposes of the recently-announced financing." Could you post a link as I would be very

[smilingmickey]

I lstened carefully to the web cast concerning the latest RNS. There are 2 sections when the cash raising exercise is mentioned but it was not clear to me that it was concluded.  One thing for sure is that AAL are holding out for  $1-00 per share with no warrants attached. My conclusion is that the cash raising is not yet  in the bag. I would have expected AAL to be more positive

[Target10]

Why worry about the financing? Advantage has had 3 very successful holes to date at Clayton Valley and an amazing partnership with Orocobre. Time to buy it and just sit on it for a year or so.

[smilingmickey]

Target 10 you asked "Why worry about the financing? Advantage has had 3 very successful holes to date at Clayton Valley and an amazing partnership with Orocobre. Time to buy it and just sit on it for a year or so." Target 10 1)Because the financing is key to the agreement with Orocobre. Otherwise there is no cash to pay for the exploration in Argentina. 2) I see far more value in

[Target10]

SM, Buy all you can if you get the opportunity. It will be over subscribed, no matter what the price. Advantage is in it's infancy. Lots of upside with Lithium. I agree, the Argentian properties are outstanding. This will be a very good year for AAL

[aucontrairenow]

No offense target, but what makes you so sure about all of this?  Rick rule says he's no so bullish on lithium so what do we know?  Who are you anyway?  Engineer, geo, finance guy, just a retail speculator,...Which if I may ask?   The market seems pretty apathetic despite some nice news releases, no?

[Target10]

No offense taken. I'm an investor/trader who believes very strongly in lithium. Just the Tesla factor itself could produce a supply shortage down the road. The mining and metals sector has been in a long bear market and I believe it is now coming to an end, lithium included. I'm buying Advantage on the dips. I believe they are very well positioned to become a lot bigger player. We will

[smilingmickey]

Target 10, I've had my finger burnt a few times before. I'd rather invest in AAL at $1 plus, with confirmation of the funding in place. ORL is in the driving seat since it owns the exploration rights to the properties. There has now been a long period of time betwwen the deal being announced and I find it surprising that no RNS has been issued confimring the funding, without which the

[aucontrairenow]

Fair enough Target and again no offense.  I am hoping also for a continued bull in Li plus was impressed with the people in the company.  Some big names here.  Tesla?  We will see but electric cars for sure.