SOUTHERN LITHIUM CORP V.SNL

Strange stock

[SnowyWindows]

I looked a ton into this company and really want to buy in but I have some issues. Management owns almost no % of this company and this company seems like some fallout third party to take the heat off Millennial if drilling comes back poorly.

If I was unsure of some of my land package and didn’t want to risk my company I would just set up some random company, with some random team, and plan for it to go bankrupt and take all the heat if things don’t go according to plan.

I mean I hope I’m wrong, but this stock is just shorted to hell. Anyone think I’m wrong?

[DrWealth]

Actually... millenial let this company and liberty one take an option to own up to 80 percent as part of a bigger plan to prove assets and sell to highest bidder...southern lithium and liberty one are taking the risk and raising cash for millenial to help with their current drilling plans...that way they can rpove up resources faster .. get cash to fund project and profit from the 20 to 30 percent

[DrWealth]

According to a video from clive he stated management owns 60 or 65 percent of shares...clive used to be ceo of millenial before the name change...he has experience raising cash... so makes sense

[Boerseun1]

Do your own research before investing....... perhaps start  with  https://www.4-traders.com/SOUTHERN-LITHIUM-CORP-9744089/company/

[supersceptic]

To be more correct it is not management, but insiders owe large portion of the company. Re. shorting it is not SNL that is targetted, but entire Li industry. Here is the link https://shortdata.ca/?c=neo-lithium%20corp.-short-sales&sym=NLC.V Type in: SNL, NLC (developer with resource base), LAC (plant building stage); ORL (producing co.) All of them on different stage, but all of them heavily

[DrWealth]

Good post on insiders clarification...nrg metals is another interesting one similar market cap and bigger op. My next gamble lol if results are good this should atleast be a 50 mil market cap..

[DrWealth]

Clive also told me that if theu do not get results by oct 12th.. still a possibillity that he has connections to get funding and that worst case if results are positive millenial will front the cash

[SnowyWindows]

When you refer to 60% ownership you are referring to Millennial, not Southern Lithium. No one owns insider shares to Southern Lithium. All I’ve seen is some agreement for Millennial to buy 500K shares, next to nothing, and Southern Lithium executives have about 1-2% ownership. No one has skin in this game except the short sellers. Every stock Clive touched has gone to dirt, im almost ready to open

[bobyback]

You can open a short position! If the results are bad you will profit!

[JayOttawa]

This post has been removed in accordance with Community Policy

[bobyback]

Right! But statistically and geographically you have better chance going long then short lol

[JayOttawa]

This post has been removed in accordance with Community Policy

[Firestorm27]

I agree, the hole that was drilled on the property in the 70s showed an average of 400mg/l. Argentina is favourable for mining, and the opposite side of the volcano has already proven to have lithium. I'm going long with SNL.

[Budd22]

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[bobyback]

Shorts selling continue all week long but the price dont go down... They have to cover and investors fallowing chart know the bottom is in!

[MaxTMaxT]

likewise...and that hole was shallow. .grades increase with depth and these two pilot holes are a Lot Deeper

[GoldCoastCR]

ANYTIME ANYDAY ITS GONNA START!!!! been grabbing 11c paper and seems like theft. THANK YOU MUCH!