Argentina Lithium & Energy Corp V.LIT

Incahuasi Lithium Project

[notachance]

I was going through the year end report, is this the only property they own?

[tictactoe111]

I believe so, the other one they let go, probably as the exploration cash dried up they had little choice as lithium wasn't hot then as it is now. The weird thing is that if the company raised $1m for exploration and went 'live' this would likely achieve, rightly or wrongly, a market cap of around $15-$20m in the current climate imho. That's why I think it a good candidate for a

[lotsofcash8]

I talked to them the other day, the company is alive and kicking.  The website will be updated shortly and a reverse takeover won't be in the works.  With the focus on lithium, nothing but an up tick here.

[whateveryousay]

Wow you were lucky to talk to them they have not returned my emails or calls for a year.

[lotsofcash8]

Actually, they got back to me the same day.  You should try again.

[whateveryousay]

That is good I still have hope that this company will attract some investor interest I dont usually base my investment decisions on hope but the lithium space requires some luck to pick a stock with a chance of future development.

[tictactoe111]

I appreciate you finding out from the horses mouth. As a rule I stick to $1B+ resource stocks but this could be fun so small money in.......... and now we wait. My only other smaller cap is MRZ.V

[lotsofcash8]

Lithium is too hot right now not to take a chance.  GLTA.

[whateveryousay]

I have been watching this for 3 years is it finally coming to life.

[Felling]

Gona pop some day, maybe tomorrow!

[lotsofcash8]

It might be interesting tomorrow, the bids we're starting to build at the end of the day,

[tictactoe111]

It should, I can easily see just pure speculative demand taking spiking this up to 30c but what we're all waiting for now is an actual news release kicking off and more importantly supporting, hopefully, some sustained upside action. If something is bubbling in the background, I believe it could possibly be, then I think there's a reasonable chance it will start with a trading halt

[FairMarkets]

After missing VLI (Vision Lithium) @ $.09 and watching it go to $.95 I'm not missing this one. Only 33 million shares out and a $6 million market cap.  I'm in. 

[tictactoe111]

I've made my exit from LIT as it's close enough to my initial 30c target, there's a big difference between a C$4m market cap frothy spec to what it is now, a C$12m market cap. Topped up on MRZ. Best of luck.

[stock688]

It is indeed crazy to think about market cap tripled in short time. But looking at the price of lithium, which is almost doubled since beginning of this year. And all the quantities ease that all governments pour into the market with this corona crisis. I expect much higher inflation coming forward, so as the stock prices.

[whateveryousay]

Probably would have sold at .30 but missed the big gain while on holidays for 2 weeks I still like this stock.Junior mining companies are a risky way to lose a lot of money but I cant see lithium being a bad long term play.