Q: Canadian Lithium is currently trading at $0.45 a share. With the announced agreement with Dundee Securities to purchase on a "bought deal" basis by way of short form prospectus, 5.21 million shares of the company and 25 million units of the company (subject to all regulatory approval) at a price flow-through share of $0.48 for a gross proceeds of 2.5 million and a price per unit of $0.40 for gross proceeds of $10 million, is it time to cut and run or continue to hold? I'm guessing the company has blown through the money their Chinese partners gave them and they are still not shipping product.
Thanks for your thoughts and advice!
DON
Thanks for your thoughts and advice!
DON