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re: Diving deeper on Standard Lithium?
Posted on 2/8/24 at 10:38 am to Drunken Crawfish
Posted on 2/8/24 at 10:38 am to Drunken Crawfish
quote:
Cash and equivalents and working capital of Ca$15.8 million and Ca$5.7 million, respectively, as of second fiscal quarter end, and in combination with the prudent and strategic use of our at-the-market offering program as a tool to fund any short term financing needs, are expected to sustain the Company through the 2024 fiscal year.
Getting low on funds................ If the plant wouldnt be built and profitable until 2026, where does the money come from to spand the 2 years.
1
Posted on 2/8/24 at 11:17 am to Elusiveporpi
Yea they’re gonna be banking on Ira grant money hard. But even that is going to be just a lifeline to buy them time. Hopefully it pays off.
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