Post by
happycaapi on Sep 22, 2021 2:27pm
Remember our old friend Lithium NPV?
Our friend posted January 15th, 2020:
https://stockhouse.com/companies/bullboard/v.nlc/neo-lithium-inc?postid=30557761
"
NLC Likely to Go Bankrupt and Seek Creditor Protection
Canadian lithium hopeful Nemaska has obtained creditor protection
The weighted carbonate price fell to below $8,000. Not much room for profit as we are probably at $6000 or $7000 now.
Remember, NLC has to convert their carbonate to hydroxide so their reported cost of $3000 is more $4000 or $5000.
It's only going to get worse. But for those gamblers out there who say to buy more, you deserve what you get. "
Comment by
Greektome on Sep 22, 2021 3:37pm
Yup so he took a less risky approach and loaded up on NDM, lost 400k in 2 days then promptly retired from stock house. We better not talk about old Baldy too much we could lure him out of retirement!