GL1 - Global Lithium Resources

DrBourse said:

Miner....
GL1, SBR, CTM & VSR do not have enough, or any, Financials for me to work with - so my style of analysis does not work on PD's (Penny Dreadfuls)...
And TA for PD's is pretty much useless - so you will need to rely on Others Ramping those stocks, I would not rely on any announcements as they are considered a WOFTAM.....

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@DrBourse ?
Thanks. I liked your abbreviations and never intended to waste W of O your Y time T on PD. You made my day. ??
Please then check LYC if it fits your SC

Good afternoon
No posts since 27/08/23.

The Board has actioned the following strategies to combat falling Lithium prices:

• An immediate pause on several components of work in relation to the Definitive Feasibility Study (“DFS”) for the Company’s 100% owned Manna Lithium Project (“Manna”);
• A material reduction in monthly expenditure on all corporate overheads and operational spending; and
• A reduction in the Board size from four to three to be implemented at the Annual General Meeting (“AGM”) in November, at least for the duration of the current lithium downturn and until there is greater certainty in lithium market forecasts

There are a number of market sensitive announcements published in recent times.

Daily Chart


Not holding
Have traded

Kind regards
rcw1

24c

from the wires:

Global Lithium Resources lost its battle against a group of shareholders with alleged Chinese interests. This development underscores the ongoing complexities and challenges in the global lithium market.

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