First of all, the fact that Cannacord want to get involved IMO is further validation that LPI has a world-class project. With the placement strictly to institutions (no sophisticated investors) then I cannot see a rights issue or SPP being a part of the raising. With ~$20m coming into the company over the next week via the exercise of LPIOs, it really doesn't make sense for an additional raising, unless of course the company is planning to use this additional money imminently for a specific purpose. IMO the only logical explanation I can come up with is using the capital raise funds to buy out a percentage of our Chilean JV partners who currently own a 32.3% stake in the MSB JV. I feel like this could be a combination of cash and equity and I really want to see our stake increase from 50% to at least 65-70%. Wednesday's announcement should reveal all.
Cheers
- Forums
- ASX - By Stock
- LPI
- Ann: Trading Halt
Ann: Trading Halt, page-25
-
- There are more pages in this discussion • 233 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LPI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online