LPD 50.0% 0.3¢ lepidico ltd

Pre-opening, page-248

  1. w27
    2,453 Posts.
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    I note that Next Mining Boom (which I generally don't read) is ramping LIT. Apparently they are proposing a pilot plant with their CSIRO patents and have an offer for convertible notes for $28M from a US fund. My experience of these deals from US funds is that the terms are outrageous. However Fortescue made good on such finance so who knows? It could be worth a look by holders.
 
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