So the 4 million cash will be spent to pay down some of the DLI Con Note I assume?
It all sounds a little "groundhog day" to me.
"Strategic collaboration".
"Strategic Alliance". Does that term sound familiar?
How capable are Corinsh Lithium at actually building an LMax plant & being able to pay 1.5% royalties in 15 years time?? 15 years!!
So LPD will pocket $3 million or $4 million a year in royalties in 15 years time?
100 million shares as options, so more dilution.
That's based on a cursory read, I will do research into Cornish Lithium & see what I can find.
I doubt this ann will do much for the SP today as any potential revenue is 15 years away.
Cornish Lithium will be facing the same issues LPD currently have.
Ann: Strategic Collaboration with Cornish Lithium Ltd, page-7
Add LPD (ASX) to my watchlist
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Mkt cap ! $22.91M | |||
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