Surge Battery Metals Inc. V.NILI

Coma

[deepoil0808]

Revising my opinion from blackout period to induced coma.

Will NILI be able to pull out of it?

[60offmax]

We know what is coming and when. What else are you expecting for?

[deepoil0808]

Management cannot leave a company dormant except for  5 press releases per year.   They need to be out there, shaking hands, doing podcasts, speaking to reporters, doing shareholder - management meetings, creating some advertising, doing some blogs, talking to suitors, talking to venture capital, talking to banks, visiting car manufacturers,  etc.... Bezo's at Amazon was

[60offmax]

Well to my knowledge, they went to a lot of mining conferences and talked to a lot of important Peille this fall. We have to wait for 2025 for new dveloppements

[Loughatorick]

Surge had roughly $ 3,000,000 of cash on hand at end of June, 2024. Surge has monthly overhead (including executive salaries) plus a roughly $ 6,500,000 2025 development budget, of which roughly $ 1,500,000 will be recovered from EVN and MT. So it is obvious that Surge will need to raise cash soon.  If Surge were not in a blackout period, one would expect Surge's management to be

[deepoil0808]

Thanks, That makes sense.   I forgot that during blackout periods, management cannot promote the stock as it makes it more expensive for the suitor and looks bad too. Good Luck, 

[GUY2012]

yup...and we will get diuted big time. What a disaster this has turned out to be !  Even other Li plays that are further behind NILI in terms of showing significant potential resource trade higher.  Why is this market SO DILUSIONAL ??? 

[eng41]

What do you consider diluted big time. They do not need a lot of cash to drill enough of this out. They will probably do it in stages, if they cannot get a strategic partner

[svdfvdvdfbsfbd]

With these drilling results and the simplicity of extraction (not even a mine is required) - it is probably enough to remove the soil. I would therefore be very surprised if there is no partner or investor in 2025. Low mining costs with high yield. Graham himself said in an interview that he would like to sell in any case. Just like he did with Millennial Lithium. Only this time at a higher