Neo Lithium Corp NTTHF

LAC performed similar step day yesterday

[neosceptic]

Share prices before the halt, $26
Offering $22 (15% dillution)
Share price after the halt: $22.23
Today share price: $22.60

LAC had enough $ for the stage one production, now they have for the stage 2.
It is short term pain for long term gain trade off.

[tiger6301]

Hi Neo, Agree with you that any development componies need to go through this process by either through Debt or Issuing new Equity.  The main test for the management is how to MINIMIZE share dilution! My point is that we have a strong wind on our back, and we can walk our SP much higher through a series o Positive news, and raise money later on.  The money raised is not enough for the

[Greektome]

Tiger, they don't need all 160m right now, they will now have enough to get things started. This amount was very calculated and will result in production possibly an entire season sooner. This is a great opportunity to get the product to the market when li price will be robust.  congrats to longs thx Waldo!

[Theschnitzel]

I agree Greek.  It's all about the BIG picture.  The price likely got ahead of itself in the short term.  Cash for junior miners is always one of the biggest risks.  To complete financing on Waldo's terms is a very good strategy.  Yeah maybe if we waited a few months it could be on higher terms but that would also be risky assumption. If someone told us 3 months

[neosceptic]

Tiger, I agree, dillution never fun.  I assume that they need money to perform engineering, planing, legal, and other job that needed to be done before construction.  Architect (for plant) alone can ask for few month. As FS done and the financing completed, NLC can jump-start digging and building. This dillution may win us 6 month or so. I do hope that future dullution would be limited

[Canyon]

Anyone buying more on the dip today?