SOUTHERN LITHIUM CORP V.SNL

Insiders

[MaxTMaxT]

think the reference was to insiders owning 40 percent of SNL stock...not the partner. !!!

[supersceptic]

77.5% of shares are in free float. The rest are institutions, insiders, etc. I wish insiders would owe more, would be nice reassurance that they are directly motivated to increase share prices. Very important for microcap, but so far we cannot count on it. I am  not sure how much stock options are distributed, also important. For now, we just waiting for the result. Is there any Li? What is

[DrWealth]

I agree .. cheapest I could find with better probability in my opinon :) .. if they prove up great results from the 1st whole - whats the biggest upside.. i think much higher than 20's... what will it take to bring market cap to like 50 or 100 ? can the 2 drill results make that pop happen ? 

[supersceptic]

I agree that 20s would be too small, but of course depend on results. Results similar to North slope, i.e. average 400ppm with first 2 holes should bring cap to 14-20M. Would mean 30 - 55c/share, depending on "feelings". 50-100 would be way too early. NLC with 3.5M LCE in their pocket with 25M cash in pre-PEA stage (couple weeks from now) on hand is 87M (my another holding). 200-300ppm

[GoldCoastCR]

Great read on it pal. I know one thing 15.5c is %40 less then the PP and the stock shorted millions........ Im a buyer here at this SP and hitting the button....time to cover soon shorts.

[supersceptic]

Do you think it is shorts? Are there any reports, site to confirm it? The volume is abnormally high for company of this size, shorts activity is possible if not likely....

[DrWealth]

I dont think shorts are the cause. The mostly likely thing going on here is old PP's warrants being excersized at a lower price - 1. that creates huge volume, 2. creats more outstanding shares , 3. creast downward pressure due to dilution, 4. after math of people trying to protect capital because of the share price decrease - im not worried here... results should be good  lets hope for

[Mackoo]

Much talk of DD lately. Apart from the SEDAR database for reports; canadianinsider.com; shortdata.ca; and YouTube are great resources to get the full picture when doing your DD. Admittedly, I missed the increased short interest as of Aug 16th when I bought so I got in too early. I think shorting is partially to blame as it probably got the snowball rolling and then stop-losses got triggered on

[supersceptic]

Thanks a lot. So, it is shorts, now it is clear. If not directly, they are at least the trigger. On a cautious side, occasionally, shorts knows (through investigations) that something fishy is going on. It is very unlikely here, too small of the target and it seems that we are waiting straght forward results. Now it is more clear.

[GoldCoastCR]

Think in a few days when the NEw Short report comes out it be VERY CLEAR!    Im looking at the volume down from Mid month and betya a buck theres at least 4-5M shares shorted.    ALOT on a float like this..... ITS A BUY NOW for me all the way 15c range. GLTA   results will validate even the 1st hole.

[GoldCoastCR]

Just saying sure looks like time to COVER millions shorted ! IMHO

[GoldCoastCR]

Darn close !   Lol Now with news of a decent return hole 1 and an OVER subscribed PP ........  SHORT COVER pronto!   today should be interesting... dont let the snap north scare ya shorts.!  

[GoldCoastCR]

Ready at 14 short clowns??  LMAO Happy chasing.

[GoldCoastCR]

Started getting hammered mid month and down she went!    Clearly a connection. SHORT DATA SNL

[GoldCoastCR]

PS shorts.......THANKS for that pile of paper at 14.5c!!!!  WOW

[Mackoo]

Southerns partner Millennial is also in the Salta province although in a different basin. Flagship project is Pastos Grandes. Historic sampling at Pastos Grandes determined that salar contains brines with a density of 1.2+ and grade of 400mg/l to 600mg/l. Note this is the same brine density as Southern reported recently.  “Salars in Argentina typically have lithium concentration 3 times

[DrWealth]

Good post!! I got 115k shares @ 24 cents - bad timming .. need some hope lol I spoke with Adrian from investor relations yesteday.. he said he is hopeful that we will have results 1st week of sept.  fingers crossed & enjoy the long weekend with that in mind...  Alternatively - I think the prospects are very good given that previous shallow 12 holes drilled in 1970 gave about 400 ppm

[DrWealth]

Forgot to mention: The recent high volume and massive share price dcrease can ver easily be explained by shorts.. assoon as potential brine was identified news the sp tanked. Sounds like shorts were def. covering .. VCery high risk to stay in the game for them .. I find comfort in that 

[McGoodBuy]

This post has been removed in accordance with Community Policy

[Mackoo]

See youtube clip with CEO Clive Massey from back in February. Last question around the 4 minute mark. Insider own 65% of 37 million (different what the lside is showing in the video), which would equate to 24M shares. Outstanding shares today is about 52M. 

[GoldCoastCR]

Holy crapperooo.   65%  Im taking a bigger bite tommorow!    37m shares is NOTHING on a deal like this. HMMMMMM

[supersceptic]

Yes, he clearly stated 65% (at the time when there was about 37M shares). The reporting site and company, probably, has different definition for "insider". Management m/b does not owe much, except for stock option. Still nice to know someone is watching them closely. Of course, assuming that it is not under-reported insiders sell these shares un masse.... Otherwise, it is a bying