LPD 50.0% 0.3¢ lepidico ltd

Putting the pieces together., page-62

  1. 462 Posts.
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    I have to thank @Sharpey for putting me on to LPD. I am having serious trouble trying to find plausible material risks to LPD and it has me worried that I am suffering confirmation bias. It just looks like an open and shut case to me:
    - No real funding issues given the cap raise and likely support from GXY.
    - confirmed interest and therefore confidence in the business from a much more established firm with the GXY appointments
    - a track record of shrewd management decisions, brining bacchus onboard etc
    -confirmed resource in portugal albeit not enormous
    -worldwide rights to a simple, extremely cost effective and ostensibly safe and low polluting technology that should be of interest to any lithium mica producer, with engineering confidence in the ability to scale production.
    -as a result, virtually no operating costs due to ability to sell other materials produced by the process. This also diversifies revenue to a minor degree.
    - strong macro environment; a burgeoning commodity which doesnt look to be replaced anytime soon by a new tech, or even if it is, the world's EV, utility investors are already heavily invested in production plans and therefore replacement wont happen immediately
    I am not at all trying to ramp, i'm a bit player with only a bit over a quarter of a million shares. My sentiment would be "buy" if I had any cash. But I just cant help but think this is almost free money and I'd love to hear anyone's thoughts on what could go wrong - and has a good chance of doing so - if only to ground my rationale. Things like failing to hammer out an offtake agreement or the ar*e falling out of the lithium market must surely be pretty low risk.
 
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