Ann: LIT: Declares LPD takeover bid free of defeating conditions, page-8

Interesting no spin in relation to the Targets Statement.

Let the Game of Thrones begin place your bets on who will win.

Question : Has LIT taken up its full entitlement in the share offer and stumped up cash from its plentiful coffers - about $900,000.

Funny the statement says voting rights not ownership has someone not followed through on their agreement.

Or does LIT now need to conserve cash for its promised DFS to PLS and also pay for the engineering "study" not cheap ! Keeps issuing paper not paying cash for anything is a red flag for a company struggling to pay its commitments/deals.

Its accounts do not reveal the total commitments it has entered into and not yet invoiced but I am sure Directors know they can pay and if not - well they are personally liable - will a white knight from China with their pockets full of gold come to the rescue.

Now that Lepidolite Hill ore that has been tested extensively through Structural Metallurgy for last 2 years you remember the JV with FML and which LPD can process with 99.8 % level and FML has heaps of cash - have LIT delivered the Scoping Study or PFS to advance this project or do they not have the fine tuning developed by SM over the last 2 years and AG will not engage SM under their license agreement to get this pearler of a project going.

Copper mines in SA look an attractive site for a pilot plant just buy their tailings for a few hundred, concentrate at FMLO cost and transport by rail BINGO cheap aussie plant for all of Australia.

Better than watching neighbours