Bearing Lithium Corp BLILF

ASX sunk

[neosceptic]

It brought LPI with it, and we are attached to it. 
TSX dropped at slower pace, so BRZ dropped slower. Now we have no premium over LPI, except for .02c and Demerge co. shares.
It is hold for me now, but one incentive to buy shares - is total market cap is getting more and more attractive.

Considering that LPI will owe 67% of shares (after recent dilution), and present cap. is 201M AUS, total cap in CAD is 201/.67*.9= 270M (197M in USD, which is 16.4% from very conservatvie NPV)

LPI will be company in post DFS stage with 30M cash and with one of the world best undeveloped, mid-tier size Li deposit on hands. 270M is already too low.

So far, EV were COVID-proof, government sponsored, fast developed trend. It is quite possible that Li will be in high demand even during the recession, which may or may not come.  

Hopefully, we will see financing soon enough. This way, even if recession would hit us, deposit development would take 2 years before first sales. It could be a great shelter, develop "mine" for needed material while economy is slow, and be ready for an expansion.

[EMTguy]

Where is shareholder vote ?  It is now October, not a peep...... These companies say many things and no follow thru.  All words no action. They like to raise money and dilute the stock ! Anyone in the investment work can't or won't touch a stock under $2.  We are in recession by definition. It will get worse   

[neosceptic]

Honestly, I do not care about shareholders vote, I believe it will be approved, because who would vote "no"? Like voting "no" to more cash in the pocket. The action is merging and it takes time. I will be pleasently surprise if it happen in 2022. I know how many unexpected turns simple paperwork can take. I think LPI has strong management team, base on results and their

[EMTguy]

I lent this company money when Bearing originally LI3. Then Borta invested, then LPI invested. Years and Years ! People have been waiting for years ! And just recently in the past 2 years or 3 years we been waiting for what ? More dilution ? Mitsui ? Answers !! 

[neosceptic]

I see why you are upset with BRZ, who would not? I had similar, but shorter experience with WML. This supposed to be a kill. The owe at least of 25% of Atacama and about half of other prospective salars in Chili.  They done nothing with them! I run frome it with losses... Chili gov't put so much hurdles that slow down too many, but it seem to be changing. I do not want to tell "this

[EMTguy]

I agree. POSCO had to walk away. (Big money) Now let's see who is a white knight to bring this project to maturity ! Musk needs to buy, he needs lithium for his batteries  

[tiger2201]

I just invested in BRZ for over 1 year since my NLC was bought out, due to Chile country issue. I more see the mergered company will be bought out by an Asian company, most likely a Chinese company. Korean & Japanese are possble, but they are not as aggressive as the Chinese, although Mitsu is already having a foot in the door, but the Japanese are so conservative, and they may not be a

[neosceptic]

I agree. Though, expertie could be bought, it is not the same as having it. Alternatively, there would be a partner with an expertise, SQM, but I think selling LPI would be the best option. I suspect that deal with Mitsui is up in air, because Mitsui do not believe that LPI can deliver Li on timely and LPI do not want to tie itself with off take, because any ties will make sell more complicated.