SOUTHERN LITHIUM CORP V.SNL

initial results

[supersceptic]

https://globenewswire.com/news-release/2017/08/22/1091263/0/en/Southern-Lithium-Announces-Detail-of-Brine-Density-on-the-Cruz-Property-Salta-Argentina.html

Wonder if anyone can interpret. Is it promising density or not?

It is more than 1.1, that indicates that it is not a water. Just not known what is it...

[Farminch2]

Made some search on the web but can't find information about what is consider as a quality lithium sample. Guess we will have to wait for laboratory result. Thanks for the news!

[supersceptic]

Guideline: https://web.cim.org/standards/documents/Block683_Doc147.pdf P.2 on the bottom. Density s/b > 1.1. SNL reported that all of their samples higher. Does not mean Li is present, but possibility is not denied. We will wait for the results. What is it 30 days from now?

[DrWealth]

good post!!! it is a positive news release - i just spoke with investor relations at snl - Adrian. He said they dont understand why that stock price dropped and the very high 2.8 million volume today. I think its a mix of things - if there were any shorts they must of sold givin the positive potential of the next news release (Adrian said 2-4 weeks to get lithium results) said they are also very

[supersceptic]

I think I figured it out. I was followed # of total shares on Google, and noticed 1.3M shares increase from 2 days ago. I am pretty sure, that company selling extra shares (some are allowed to be inreserve, plus, it is Venture league with relax rules re. that).  From March they issued 7M shares (info from broker); 4.6M due to private financing, means 2.4M was sold on free market. Company is

[Mackoo]

I am skeptical at this explanation for the volume increase. I went over the quarterly financials the other day and it seems to be matching up. There were about 2M 3.5 cents warrants exercised in Q1. There were also about 3M options exercised in Q2. Some if these probably had a strike price as low as 10.5 cents. But with the volume over the past 14 days, you would think all of these have been

[supersceptic]

I did not look at stock options and warrants. Recent once are at higher price i.e. .35 You maybe right and someone had options and warrants and exersise them, could be an explanation. This would be PERSONAL shares and exersise of option WOULD increase number of shares. But, then, option or warrant exersise would mean they BOUGHT shares (from company), not sell it. They might do it at the same time

[DrWealth]

that makes sense as well.. good sign insiders did not sell. good buying op. if they prove up anything half decent market cap should easily from 8 mil wot min 100 mil I think