Neo Lithium Corp NTTHF

Q3 = cash resources of $33,450,621

[Eric35]

For the three months ended September 30, 2019, the Companys net gain was $10,195,020 or $0.09 per basic share (loss of $2,801,715 or $0.02 for the three months ended September 30, 2018)......................................................................................................................For the nine months ended September 30, 2019, the Companys net gain was $2,785,766 or $0.02 per basic share (loss of $4,569,589 or $0.04 for the nine months ended September 30, 2018)......................................................................................................................LIQUIDITY AND CAPITAL RESOURCES As at September 30, 2019, the Company had cash resources of $33,450,621 and its net working capital was $30,367,909. The Company anticipates that these resources will be sufficient to meet its current obligations, currently planned operating costs and expenditures on its mineral properties over the next 18 months, which includes the final feasibility study. The priority is to use the funds in the development of the 3Q Project.......................................................................................................................................................................................................................Consolidated assets were $65,496,886 as at September 30, 2019

[tiger6301]

Hi Eric, Thanks for the Q3 results. I like the most is they have $30 millions NET, and enough for the next 18 months. tiger

[LithiumNPV]

That is not good news that's bad news. They have no cash end of 2020 and we know the oversupply continues to 2025-27 and lithium is more than abundant. They blow $35 million per year. The botton in lithium stocks won't be until 2021, 2022 or 2023 since the oversupply doesn't come into balance until 2025-27. People have lost lots of money here and are going to lose alot more. 

[LithiumNPV]

They are blowing $30 million/yr. By the end of 2020 they will go bankrupt. Tough business.