Frontier Lithium Inc LITOF

How to right the sinking ship

[ridethewinners]

With sinking Lithium prices, no money to drill and a lack of infastructure progress, it is easy to pile on the negative sentiment here.
The reality is that the deposit is good, but others are bigger, better, and most important of all, fully funded. That was not the case 2 years ago, but it is today. To add to that, the big players are partnering up and FL is still leaning against the wall as the music plays hoping someone asks them to dance. 
PMET is under a lake, we know that, they know that, and more importantly, so does Albermarle, yet they paid $109 million for a slice of it after looking at all alternatives. What did they not like about FL?
The road/bridge will get announced at some point, or FL goes under. When/if it does, that clears a large hurdle for them. 
. The board was derelict in their duty to maintain a proper cash balance. That is rule 1 for any development company, cash is oxygen and FL is choking. Yes, they can turn turtle, cut expenses and pray for a bridge, then a partner, but any deals they do are from weakness, not strength. The last issue was a disaster, and the price since then will make the few institutions they have left cautious. They have been so disdainful of retail that they will not communicate, hide stock options at the end of pressers hoping nobody notices, and refuse to do quarterly calls. Shuffling CFO's just added to the uncertainty.  
The mess can be fixed, but it also can be squandered. The bridge/road should be a chance to reset the perception of the company.Better IR will not fix the mess they have put themselves in but I am not sure it can be fixed without better IR, and a clearly communicated plan that shareholders can believe Use it as an opportunity to talk directly to shareholders, take questions and have a real plan ready to illustrate the steps needed, the permitting process, the plans for drilling, and commit to  more open, transparent management. To raise capital FL will need retail. They have soured institutions so badly that retail is the first step back, unless they plan to sell an ownership position in the ore body at this price. Hopefully there is a reset opportunity coming. Will they choose to do things differently?

[Margin321]

Don't forget that FL cannot build a bridge there. I had taken tears of consultation and permitting across multiple jurisdictions including multiple indigenous communities. It is going to happen but it is not something they could have just built with cash on hand. If they had cash on hand. They do have to solve infrastructure issues (on track but painfully slow) and also ready access to capital